SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2008 SESSION

  • | print version

HB 1037 Nonprofit entities; public meeting prior to disposition of assets.

Introduced by: Daniel W. Marshall, III | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Sale or conversion of nonprofit hospitals; public hearing.  Requires that, no later than 40 days prior to any disposition of assets, a nonprofit entity shall convene a public meeting to set forth its expectations about how the health care needs of the community will be served following the proposed disposition of assets and to receive comments and respond to questions on the potential impact of the proposed disposition of assets on the community served by the nonprofit entity. This bill also provides that notice of the time and place of such meeting shall be published at least 10 days prior to the meeting in a newspaper in which legal notices may be published in that jurisdiction.

SUMMARY AS INTRODUCED:

Sale or conversion of nonprofit hospitals; public hearing.  Requires the administrator or owner of any nonprofit hospital that is entering into a contract for sale of the hospital to a for-profit entity to hold a public hearing at least six months before the sale or conversion in the locality where the hospital is located and present the following: (i) any changes to be made in the staffing of the hospital, and (ii) a business plan explaining how the sale or conversion will affect the community. Also, specifies that no member of the nonprofit hospital's board of directors may serve on a newly established private foundation's board of directors.