04RS HB684


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HB 684 (BR 1409) - R. Webb

     AN ACT relating to the development of primary health care facilities.
     Create new sections in Subchapter 20 of KRS Chapter 154 to establish definitions; create a revolving loan program to provide financial assistance to nonprofit, primary health care clinics licensed through the provisions of KRS Chapter 216B; require that eligible primary health care clinics provide health care services in rural, medically underserved counties designated by the United States Department of Health and Human Services; allow the Kentucky Economic Development Finance Authority to receive appropriations, borrow money, and issue bonds to fund the revolving loan program; require that loans shall be restricted to finance nonrecurring, fixed asset costs; permit the authority to promulgate administrative regulations and establish the terms and conditions for loans; specify that a loan shall be for a period of less than ten years and be no greater than $1,000,000; specify that the interest rate shall be fixed at the Wall Street Journal's published prime rate with a minimum rate of 5%; specify that the obligations issued shall not be deemed to constitute a debt or obligation of the Commonwealth; establish July 1, 2006 as the effective date.


     HFA (1, R. Webb) - Retain original provisions, except clarify the definition of "Eligible primary health care clinic" by requiring the clinic's location to be in a county designated as a Health Professional Shortage Area pursuant to 42 C.F.R. Part 491 and also be designated as a priority area in the Statewide Strategic Plan recognized by the federal Bureau for Primary Health Care.

     Mar 1-introduced in House
     Mar 2-to Health and Welfare (H)
     Mar 8-posted in committee
     Mar 11-reported favorably, 1st reading, to Calendar
     Mar 12-2nd reading, to Rules
     Mar 15-floor amendment (1) filed
     Mar 16-posted for passage in the Regular Orders of the Day for Wednesday, March 17, 2004
     Mar 17-3rd reading, passed 93-0 with floor amendment (1)
     Mar 18-received in Senate
     Mar 22-to Health and Welfare (S)

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