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Sponsor introduces $50 million loan program for long‑term care infrastructure
2334950 · February 18, 2025
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Summary
Representative Matt Ruby briefly introduced House Bill 1619, a proposal to create an infrastructure loan fund for long‑term care facilities with a $50 million cap and a maximum $10 million per project at a 2% interest rate; the committee did not take final action in the hearing.
Representative Matt Ruby (District 40) introduced House Bill 1619 to establish an infrastructure loan fund to support long‑term care facility projects. Sponsors explained the bill’s parameters in brief: the committee reduced an original $100…
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