HB 567/FN (BR 1917) - G. Lindsay
AN ACT relating to nonprofit health-care conversion transactions.
Create new sections of KRS Chapter 216B to define "nonprofit health-care entity", "nonprofit health-care conversion transaction", "nonprofit health-care insurer", and "person"; require nonprofit health-care entity that seeks to enter into a nonprofit health-care conversion transaction to provide written notice to the Attorney General; require the Attorney General to promulgate administrative regulations to implement provisions of Act; exempt nonprofit health-care entity from requirements of Act if it first obtains waiver from Attorney General; require Attorney General to notify the nonprofit health-care entity in writing of decision to approve or disapprove within 90 days of receipt of complete notice; permit Attorney General to extend period of review by 60 days; require Attorney General to conduct at least 1 public hearing in the county in which the nonprofit health-care entity's assets are located; require Attorney General to consider certain factors in making decision to approve or disapprove; require Attorney General to consider effect of transaction on the affected community; require nonprofit health-care entity to provide Attorney General with requested information; provide that failure to provide information on a timely basis may constitute grounds for disapproval; permit Attorney General to contract with, consult, or receive advice from other state agencies or other experts or consultants; require nonprofit health-care entity to reimburse Attorney General for costs incurred; require all documents to be open records; provide that transactions entered into in violation of the act are null and void, and that each member of the governing boards and chief financial officers may be subject to penalty up to $1,000,000; cite as Community Health-Care Assurance Act of 2000.
HB 567 - AMENDMENTS
HCS/FN - Retain original provisions; provide that Attorney General shall report to the public after a hearing on a proposed nonprofit health-care transaction rather than approve or disapprove the transaction; provide for expedited process if facility is in imminent danger of closing or is under a deadline for Medicaid certification; authorize the Attorney General to contract with experts for assistance with preparing the report and require entity acquiring the nonprofit health care facility to reimburse the expert costs; prohibit Attorney General from recovering any legal fees associated with preparation of the report; delete the penalty.
HFA (1, G. Lindsay) - Add definition of "material amount"; delete references to the promulgation of administrative regulations; provide that information given to Attorney General relating to nonprofit health-care conversion transactions is exempt from the provisions of the Open Records Act.
Feb 3-introduced in House
Feb 4-to Health and Welfare (H)
Feb 8-posted in committee
Feb 29-reported favorably, 1st reading, to Calendar with Committee Substitute
Mar 1-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, March 2, 2000
Mar 6-floor amendment (1) filed to Committee Substitute
Mar 17-recommitted to Appropriations and Revenue (H)