Last Action | 04/08/22: signed by Governor (Acts Ch. 134) |
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Title | AN ACT relating to the rural hospital loan fund and declaring an emergency. |
Bill Documents |
Acts Chapter 134
Current/Final Introduced |
Bill Request Number | 1576 |
Sponsors | D. Bentley, D. Osborne, A. Bowling, P. Flannery, C. Fugate, S. Heavrin, K. Moser, B. Reed |
Summary of Original Version | Amend KRS 154.20-190 to include in the rural hospital revolving loan fund administered by the Kentucky Economic Development Finance Authority a former hospital that is located in a Kentucky county with a population of less than 50,000, was closed within 36 months prior to submission of the loan application, and has a certificate of need to open or reopen a new hospital or health facility; establish that up to 50% of the loan amount shall be forgiven with a maximum amount of $20,000 for each job retained or each new, full-time job created that meets wage requirements set forth by the authority; EMERGENCY. |
Index Headings of Original Version |
Economic Development - Revolving loan fund, rural hospital Hospitals and Nursing Homes - Rural hospitals, Economic Development revolving loan fund Loans and Credit - Economic Development Finance Authority revolving loan fund, rural hospitals Effective Dates, Emergency - Rural hospitals, Economic Development revolving loan fund |
Jump to Proposed Amendments | Senate Committee Substitute 1 |
Votes | Vote History |
01/25/22 |
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02/16/22 |
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02/17/22 |
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02/18/22 |
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02/22/22 |
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02/23/22 |
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03/03/22 |
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03/23/22 |
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03/24/22 |
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03/29/22 |
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03/30/22 |
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04/08/22 |
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Amendment | Senate Committee Substitute 1 |
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Summary | Retain original provisions except remove language allowing the loan to be forgivable up to $20,000; add that the hospital cannot qualify for a loan of more than $2 million every five years and shall not exceed $1 million per project; EMERGENCY. |
Index Headings |
Economic Development - Revolving loan fund, rural hospital Effective Dates, Emergency - Rural hospitals, Economic Development revolving loan fund Hospitals and Nursing Homes - Rural hospitals, Economic Development revolving loan fund Loans and Credit - Economic Development Finance Authority revolving loan fund, rural hospitals |
Last updated: 2/8/2023 2:57 PM (EST)