Florida Nursing Homes Medicaid Lease Bond
Form Template
A surety bond is an agreement between two parties.
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With a surety bond, one party agrees to pay a penal sum if they fail to fulfill a contract. The Florida Nursing Homes Medicaid Lease Bond app features a surety bond between a nursing home and the Agency for Health Administration. The condition of this obligation is that principal is a nursing facility is required by the Agency to acquire, maintain, and provide proof to the Agency of a bond with a term of 30 months, in an amount not less than the total of 3 months Medicaid payments to the facility computed on the basis of the preceding 12 month average Medicaid payments to the facility. The Florida Nursing Homes Medicaid Lease Bond app outlines all of the regulations.
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