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Delegation says bill would let counties spend proceeds from private-act hospital sales more flexibly
Summary
State legislators described a bill that would allow local governments greater latitude in how net proceeds from sales of private-act public-benefit hospitals are used, while preserving a two-thirds local legislative threshold for certain options.
Sen. Jack Johnson and members of Williamson Countys state legislative delegation described legislation March 27 that would change how proceeds from the sale of "private-act" public-benefit hospitals may be used by local governments.
Johnson said existing Tennessee law directs net proceeds from such sales into a trust fund earmarked for community health care, but the bill he described would make the choice permissive for local governments that secure a…
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