SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

1999 SESSION

  • | print version

HB 2309 Hospitals; condition on issuance of articles of incorporation.

Introduced by: Robert G. Marshall | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Condition on issuance of certain articles of incorporation. Prohibits the State Corporation Commission from making a finding of compliance with the law and issuing a certificate of incorporation when a corporation which is a hospital organized as a not-for-profit institution files amended or new articles of incorporation for the purpose of converting such hospital structure to a for-profit organization, unless the governing board of the not-for-profit institution provides the Commission with documentation of an agreement with the governing body of the locality in which the hospital is located that provides (i) an accounting of the charitable funds received by such institution, including any Hill-Burton moneys, and (ii) restitution of part or all of such charity funds to the people of the jurisdiction in the form of a trust fund dedicated to providing health care for uninsured and underinsured persons.


FULL TEXT

HISTORY