House Bill 152

AN ACT TO ESTABLISH A RURAL HOSPITAL CAPITAL IMPROVEMENTS REVOLVING LOAN PROGRAM FOR THE PURPOSE OF MAKING LOANS TO RURAL HOSPITALS TO ASSIST THOSE HOSPITALS IN MAKING CAPITAL IMPROVEMENTS TO THEIR FACILITIES; TO PROVIDE THAT THE PROGRAM WILL BE ADMINISTERED BY THE STATE DEPARTMENT OF HEALTH; TO CREATE A SPECIAL FUND IN THE STATE TREASURY TO BE DESIGNATED THE "RURAL HOSPITALS CAPITAL IMPROVEMENTS REVOLVING LOAN FUND"; TO PROVIDE THAT THE REVOLVING FUND WILL BE CREDITED WITH ALL REPAYMENTS OF PRINCIPAL AND INTEREST DERIVED FROM LOANS MADE FROM THE REVOLVING FUND; TO AUTHORIZE THE DEPARTMENT TO MAKE LOANS FROM THE REVOLVING FUND TO RURAL HOSPITALS AS SET FORTH IN A LOAN AGREEMENT IN AN AMOUNT OF NOT MORE THAN FIVE HUNDRED THOUSAND DOLLARS PER LOAN; TO PROVIDE THAT A RURAL HOSPITAL MAY NOT RECEIVE ANOTHER LOAN WITHIN FIVE YEARS AFTER RECEIVING A LOAN FROM THE REVOLVING FUND; TO PRESCRIBE THE POWERS AND DUTIES OF THE DEPARTMENT IN ADMINISTERING THE PROGRAM; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE MONIES FOR THE REVOLVING FUND; AND FOR RELATED PURPOSES.

In the House of Representatives

• Sam C. Mims, V

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 24 – Jun 3

1. Jan 24Referred to the House committees on Public Health and Human Services and on Ways and Means
2. Jun 3Died in committee in the House