Economic necessity definition
Economic necessity means and refers to any case where the director determines
Economic necessity means insolvency or circumstances where funds are lacking to maintain a reasonable level of service and care for residents, including the inability to meet loan or bond requirements, or having insufficient funds to comply with master trust indenture or a future service obligation, where, under GAAP accounting, the expenses are greater than future revenue;
Economic necessity means insolvency or circumstances where funds are lacking to maintain a reasonable level of service and care for residents;