State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_131E > GS_131E-242

§ 131E‑242. Contingency fund.

(a)        The Department may maintain a temporary managementcontingency fund.

(b)        Upon a showing that proper expenses of the temporarymanagement under this Article exceed the operating funds of the long‑termcare facility, the court, in its discretion, may order that the Departmentprovide funds from the contingency fund to the temporary manager to operate thefacility and compensate the temporary manager.

(c)        When the total funds available in the contingency fundexceed five hundred thousand dollars ($500,000), the Department may reallocateany or all of the amount in excess of five hundred thousand dollars ($500,000)for other activities intended to protect the health and property of residents. (1993, c. 390, s. 1; 1995, c. 535, s. 27; 1998‑215,s. 78(d); 1999‑334, s. 1.13.)