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Bill would let counties spend proceeds from private-act hospital sales beyond a health trust
Summary
Sen. Jack Johnson said new legislation would give county commissions discretion to use net proceeds from sales of private-act public-benefit hospitals for community needs beyond a statutorily required health trust, provided a supermajority approves such use.
Sen. Jack Johnson said he is advancing a bill to allow greater local discretion over net proceeds when a private-act public-benefit hospital is sold.
Under current law, Johnson said, proceeds after bonds and debts are paid must go into a trust dedicated to providing health care in the community. The proposed change would allow a county commission, by supermajority, to direct proceeds to other…
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