§232.1003. Eligible operator.
24 C.F.R. § 232.1003
Operator shall be a single asset entity acceptable to the Commissioner, and shall possess the powers necessary and incidental to operating the healthcare facility, except that the Commissioner may approve a non-single asset entity under such circumstances, terms, and conditions determined and specified as acceptable to the Commissioner. A master tenant under a master lease approved by the Commissioner who has subleased the healthcare facility to an operator is not an Operator.
Notes, amendments, and revision history
Source
Source: 77 FR 55137, Sept. 7, 2012, unless otherwise noted.
Authority
Authority: 12 U.S.C. 1715b, 1715w, 1735d, and 1735f-19; 42 U.S.C. 3535(d).
Source
Source: 36 FR 24618, Dec. 22, 1971, unless otherwise noted.