Bill No.: HB0113 Drafter: LGC
LSO No.: 12LSO-0299 Effective Date: March 15, 2012
Enrolled Act No.: HEA0039
Chapter No.: CH0087
Prime Sponsor: Representative Bonner
Catch Title: Critical access endowment challenge program.
Subject: Extending critical access/rural hospital endowment challenge program.
Summary/Major Elements:
• In 2007, the legislature created a critical access/rural hospital endowment challenge program providing matching grants to critical access and rural hospitals and appropriated $4,000,000 to the program. The program was set to sunset June 30, 2012, and the unobligated funds in the matching account were set to revert at that time.
• This act extends the program until June 30, 2014, and modifies the program by allowing critical access or rural hospitals which have not yet received $250,000 from the matching program to qualify for matching funds up to that amount (to the extent funds remain in the matching account).
• This act allows all but $1,500,000 of the originally appropriated funds for the program to revert on June 30, 2012, as originally provided.
Comments:
Contains delayed effective/repeal date: Program repealed June 30, 2014.