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Contains delayed effective/repeal date:  Program repealed June 30, 2014.