History of Actions | Background | Title |
Description: Hospitals, community; must give part of profit to owner, to be used for governmental purpose.
| 1 | 01/07/97 | (H) | Referred To Public Health and Welfare | |
| 2 | 02/04/97 | (H) | Died In Committee |
| Effective date | July 1, 1997 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Guice
Code Section: A 041-0013-0035
Title: AN ACT TO AMEND SECTION 41-13-35, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF ANY COMMUNITY HOSPITAL MAKES A PROFIT DURING ANY FISCAL YEAR, AND THERE IS NO OUTSTANDING INDEBTEDNESS ISSUED BY THE OWNER OR OWNERS OF THE HOSPITAL FOR THE BENEFIT OF THE HOSPITAL THAT IS SECURED BY THE FULL FAITH AND CREDIT OF THE OWNER OR OWNERS, THE OWNER OR OWNERS OF THE HOSPITAL MAY REQUEST THAT THE BOARD OF TRUSTEES OF THE HOSPITAL TRANSFER A PORTION OF THE HOSPITAL'S PROFIT TO THE OWNER OR OWNERS, NOT EXCEEDING A TOTAL OF 50% OF THE HOSPITAL'S PROFIT; TO REQUIRE THE BOARD OF TRUSTEES OF THE HOSPITAL TO TRANSFER TO THE HOSPITAL OWNER OR OWNERS THE RESPECTIVE AMOUNTS OF THE HOSPITAL'S PROFIT THAT ARE REQUESTED BY THE OWNER OR OWNERS; TO AUTHORIZE EACH OF THE OWNERS RECEIVING THE FUNDS TO USE THE TRANSFERRED FUNDS FOR ANY LAWFUL GOVERNMENTAL PURPOSE; AND FOR RELATED PURPOSES.
End Of Document
1997/History/HB\HB0550.htm