| Title | AN ACT relating to community healthcare foundations by providing for the approval and oversight of not-for-profit hospital, health maintenance organization, and healthcare insurer conversions, and declaring an emergency. |
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| Bill Documents | Original |
| Sponsors | R. Wiederstein |
| Summary of Original Version | Create new sections of KRS Chapter 367 to provide definitions concerning nonprofit healthcare conversion transactions; provide notification requirements; require the Attorney General to notify a nonprofit healthcare entity regarding the status of a decision; require that the Attorney General to hold public meetings related to the proposed nonprofit healthcare conversion transaction; specify what the Attorney General must consider in determining whether to approve or disapprove a proposed nonprofit healthcare conversion transaction including a requirement that the Attorney General consult with and receive expert advice; require the Attorney General to also determine the impact of the proposed nonprofit healthcare conversion transaction on the affected community; allow the Attorney General to request additional information necessary to complete a review of the proposed nonprofit healthcare conversion transaction; authorize the Attorney General to contract with additional counsel in order to assist in the review of the proposed nonprofit healthcare conversion transaction; specify that the Attorney General is entitled to reimbursement from the nonprofit healthcare entity for certain costs related to review of the proposed transaction; prescribe parameters for public review of documents related to the proposed healthcare conversion transaction; prescribe penalties for a violation of this Act by a nonprofit healthcare entity; specify the applicability of this Act to current law; specify the parameters of this Act; provide that this Act may be cited as the Kentucky Nonprofit Healthcare Conversion Act; amend KRS 386B.4-130 to conform; EMERGENCY. |
| Index Headings |
Courts - Nonprofit healthcare conversion transactions, requirements for Effective Dates, Emergency - Nonprofit healthcare conversion transactions, requirements for Health and Medical Services - Nonprofit healthcare conversion transactions, requirements for Hospitals and Nursing Homes - Nonprofit healthcare conversion transactions, requirements for Attorney General - Nonprofit healthcare conversion transactions, requirements for Charitable Organizations and Institutions - Nonprofit healthcare conversion transactions, requirements for Civil Actions - Nonprofit healthcare conversion transactions, requirements for Civil Procedure - Nonprofit healthcare conversion transactions, requirements for |
| 10/30/19 | Prefiled by the sponsor(s). |
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Last updated: 1/6/2020 3:52 PM (EST)
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