House Bill 99

Actions | Amendments
Last Action 03/25/20: signed by Governor
Title AN ACT creating and funding a Kentucky Economic Development Finance Authority loan for a qualifying public medical center located in a city of the first class, making an appropriation therefor, and declaring an emergency.
Bill Documents Current
Introduced
Fiscal Impact Statements Fiscal Note
Additional Fiscal Impact Statements Exist
Bill Request Number 290
Sponsors D. Osborne, J. Jenkins, T. Bojanowski, A. Gentry, N. Kulkarni, C. Massey, R. Rothenburger
Summary of Original Version Appropriate to the Cabinet for Economic Development General Fund moneys in the amount of $50,000,000 in fiscal year 2019-2020 for the establishment and implementation of the Direct Health Care Services and Research Facilities Operations Loan; set out parameters for the Direct Health Care Services and Research Facilities Operations Loan; direct the University of Louisville to provide an annual report detailing the status of any loan agreement granted under the Direct Health Care Services and Research Facilities Operations Loan for as long as the loan is in effect; stipulate that authorized appropriations shall be paid from the General Fund Surplus Account or the Budget Reserve Trust Fund Account; APPROPRIATION; EMERGENCY.
Index Headings of Original Version Fiscal Note - University of Louisville, Direct Health Care Services and Research Facilities Operations Loan
Economic Development - Direct Health Care Services and Research Facilities Operations Loan
Education, Finance - University of Louisville, Direct Health Care Services and Research Facilities Operations Loan
Education, Higher - University of Louisville, Direct Health Care Services and Research Facilities Operations Loan
Effective Dates, Emergency - Direct Health Care Services and Research Facilities Operations Loan
Loans and Credit - Direct Health Care Services and Research Facilities Operations Loan
State Agencies - Economic Development, Direct Health Care Services and Research Facilities Operations Loan
Universities and Colleges - University of Louisville, Direct Health Care Services and Research Facilities Operations Loan
Appropriations - Direct Health Care Services and Research Facilities Operations Loan
Budget and Financial Administration - Direct Health Care Services and Research Facilities Operations Loan
Jump to Proposed Amendments House Committee Substitute 1 with Fiscal Impact Statements
House Committee Substitute 2
House Committee Amendment 1
House Floor Amendment 1
House Floor Amendment 2
House Floor Amendment 3
House Floor Amendment 4
House Floor Amendment 5
House Floor Amendment 6
Votes Vote History

Actions

Top | Amendments
11/15/19
  • Prefiled by the sponsor(s).
01/07/20
  • introduced in House
  • to Appropriations & Revenue (H)
01/14/20
  • posted in committee
01/22/20
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1) and committee amendment (1-title)
  • floor amendment (1) filed to Committee Substitute
01/23/20
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Friday, January 24, 2020
  • floor amendments (2) and (3) filed to Committee Substitute , floor amendment (4-title) filed to bill
02/03/20
  • recommitted to Appropriations & Revenue (H)
02/11/20
  • reported favorably, to Rules with Committee Substitute (2)
  • posted for passage in the Regular Orders of the Day for Wednesday, February 12, 2020
  • floor amendments (5) and (6) filed to Committee Substitute (2)
02/12/20
  • 3rd reading, passed 86-7 with Committee Substitute (2) and committee amendment (1-title)
02/13/20
  • received in Senate
02/20/20
  • to Education (S)
03/05/20
  • reported favorably, 1st reading, to Calendar
03/06/20
  • 2nd reading, to Rules
03/12/20
  • posted for passage in the Regular Orders of the Day for Tuesday, March 17, 2020
03/17/20
  • 3rd reading, passed 23-10
03/18/20
  • received in House
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
03/25/20
  • signed by Governor

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Fiscal Impact Statement Fiscal Note to House Committee Substitute 1
Summary Appropriate to the Cabinet for Economic Development General Fund moneys in the amount of $35 million in fiscal year 2019-2020 for the creation and funding of a KEDFA loan for a qualifying public medical center in a city of the first class; set out parameters for the KEDFA loan; stipulate that the Cabinet for Economic Development shall determine the terms and conditions of the KEDFA loan and monitor the performance of the qualifying public medical center to achieve partial loan forgiveness; require the University of Louisville to provide an annual report detailing the status of the KEDFA loan for as long as it is in effect; stipulate that authorized appropriations shall be paid from the General Fund Surplus Account or the Budget Reserve Trust Fund Account; APPROPRIATION; EMERGENCY.
Index Headings Economic Development - KEDFA loan, public medical center
Education, Higher - University of Louisville, KEDFA loan report
Effective Dates, Emergency - KEDFA loan, public medical center
Loans and Credit - KEDFA loan, public medical center
State Agencies - Economic Development, KEDFA loan
Universities and Colleges - University of Louisville, KEDFA loan report
Appropriations - KEDFA loan, public medical center
Budget and Financial Administration - KEDFA loan, public medical center
Fiscal Note - KEDFA loan, public medical center

Amendment House Committee Substitute 2
Summary Appropriate to the Cabinet for Economic Development General Fund moneys in the amount of $3,069,000 in fiscal year 2020-2021 and $3,069,000 in fiscal year 2021-2022 for new debt service to support $35,000,000 in new bonds in fiscal year 2019-2020 for the creation and funding of a KEDFA loan for a qualifying public medical center in a city of the first class; set parameters for the KEDFA loan; stipulate that the Cabinet for Economic Development shall distribute funds by April 1, 2020, shall determine the terms and conditions of the KEDFA loan, and shall monitor the performance of the qualifying public medical center to achieve partial loan forgiveness not to exceed 50 percent of the KEDFA loan amount; require the public medical center that receives the loan to provide an annual report detailing the status of the KEDFA loan for as long as it is in effect; APPROPRIATION; EMERGENCY.
Index Headings Economic Development - KEDFA loan, public medical center
Effective Dates, Emergency - KEDFA loan, public medical center
Loans and Credit - KEDFA loan, public medical center
State Agencies - Economic Development, KEDFA loan
Appropriations - KEDFA loan, public medical center
Budget and Financial Administration - KEDFA loan, public medical center

Amendment House Committee Amendment 1
Sponsor S. Rudy
Summary Make title amendment.
Index Headings Title Amendments - HB 99

Amendment House Floor Amendment 1
Sponsor J. Fischer
Summary Insert language stating that partial loan forgiveness shall not exceed 50% of the KEDFA loan amount.
Index Headings Economic Development - KEDFA loan, public medical center
Education, Higher - University of Louisville, KEDFA loan report
Loans and Credit - KEDFA loan, public medical center
State Agencies - Economic Development, KEDFA loan
Universities and Colleges - University of Louisville, KEDFA loan report
Budget and Financial Administration - KEDFA loan, public medical center

Amendment House Floor Amendment 2
Sponsor J. Hoover
Summary Amend provisions to make the KEDFA loan unforgivable.
Index Headings Economic Development - KEDFA loan, public medical center
Education, Higher - University of Louisville, KEDFA loan report
Loans and Credit - KEDFA loan, public medical center
State Agencies - Economic Development, KEDFA loan
Universities and Colleges - University of Louisville, KEDFA loan report
Budget and Financial Administration - KEDFA loan, public medical center

Amendment House Floor Amendment 3
Sponsor J. Hoover
Summary Change appropriation to the Cabinet for Economic Development for the creation and funding of a KEDFA loan to $17,500,000; appropriate $17,500,000 in General Fund moneys to the Cabinet for Economic Development for the creation of a KEDFA loan for rural hospitals; stipulate that the KEDFA loan shall not exceed a 20-year term and shall be utilized to assist rural hospitals in providing needed direct health services; direct the Cabinet for Economic Development to determine the terms and conditions of the KEDFA loan and to monitor the performance of the rural hospitals to achieve partial loan forgiveness; and direct the Cabinet for Economic Development to provide an annual report, APPROPRIATION.
Index Headings Hospitals and Nursing Homes - KEDFA loan, rural hospitals
Economic Development - KEDFA loan, public medical center, rural hospitals
Loans and Credit - KEDFA loan, public medical center, rural hospitals
State Agencies - Economic Development, KEDFA loan
Budget and Financial Administration - KEDFA loan, public medical center, rural hospitals
Appropriations - KEDFA loan, public medical center, rural hospitals

Amendment House Floor Amendment 4
Sponsor J. Hoover
Summary Make title amendment.
Index Headings Title Amendments - HB 99

Amendment House Floor Amendment 5
Sponsor J. Hoover
Summary Amend provisions to make the KEDFA loan unforgivable.
Index Headings Economic Development - KEDFA loan, public medical center
Loans and Credit - KEDFA loan, public medical center
State Agencies - Economic Development, KEDFA loan
Budget and Financial Administration - KEDFA loan, public medical center

Amendment House Floor Amendment 6
Sponsor J. Hoover
Summary Change debt service appropriations to the Cabinet for Economic Development for the creation and funding of a KEDFA loan to $1,535,000 in each fiscal year of the 2020-2022 fiscal biennium; appropriate $1,535,000 in each fiscal year of the 2020-2022 fiscal biennium for new debt service to support $17,500,000 in new bonds to the Cabinet for Economic Development for the creation of a KEDFA loan for rural hospitals; stipulate that the KEDFA loan shall not exceed a 20-year term and shall be utilized to assist rural hospitals in providing needed direct health services; direct the Cabinet for Economic Development to distribute those funds by April 1, 2020, to determine the terms and conditions of the KEDFA loan, and to monitor the performance of the rural hospitals to achieve partial loan forgiveness not to exceed 50 percent of the KEDFA loan amount; and direct the Cabinet for Economic Development to provide an annual report; APPROPRIATION.
Index Headings Economic Development - KEDFA loan, public medical center, rural hospitals
Hospitals and Nursing Homes - KEDFA loan, rural hospitals
Loans and Credit - KEDFA loan, public medical center, rural hospitals
State Agencies - Economic Development, KEDFA loan
Appropriations - KEDFA loan, public medical center, rural hospitals
Budget and Financial Administration - KEDFA loan, public medical center, rural hospitals

Last updated: 3/31/2020 9:37 AM (EDT)
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