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Committee lets DHHS move lease revenue into dedicated Hampstead Hospital fund to meet $3M matching obligation
Summary
The House committee approved an amendment to SB118 allowing the Department of Health and Human Services to deposit current fiscal-year lease revenue into a new dedicated account to meet a $3 million state match for capital improvements under the Dartmouth Health lease of Hampstead Hospital.
The House Committee on Health, Human Services, and Elderly Affairs on Wednesday approved an amendment to Senate Bill 118 that lets the Department of Health and Human Services transfer current fiscal-year lease revenue into a dedicated account for Hampstead Hospital.
The amendment, offered and explained to the committee by Nathan White, chief financial officer for DHHS, was described as a technical change intended to make cash available to meet a state matching obligation created by the recent lease with Dartmouth Health. "The amendment before you ... allows the department to transfer some of the lease revenue…
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