Terms Used In Maryland Code, HEALTH - GENERAL 8-6C-03

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
The Department shall adopt regulations to:

(1) Establish timelines and procedures for requests for Partnership funding, consistent with this subtitle;

(2) Establish guidelines that require programs to bill third-party insurers; and

(3) Manage the Fund and authorize distribution of money from the Fund in accordance with this subtitle.