H0229: Health Facilities

Legislative Summary

Revises definition of term "health facility"; authorizes authority to make mortgage or other secured or unsecured loans & refund or refinance outstanding bonds, obligations, loans, indebtedness, or advances issued, made, given, or incurred by or for benefit of any health facility for cost of project in accordance with specified agreement; authorizes authority to lease certain projects to health facility under loan agreement; provides that specified projects financed by authority shall be governed by one or more loan agreements; provides requirements for such loan agreements; authorizes authority to require certain health facilities to operate, repair, & maintain projects & bear certain costs; authorizes issuance of revenue bonds of other issuers if proceeds were used for specified purposes; provides requirements for closure of not-for-profit hospitals; provides tax exemption criteria for hospitals.