HB 1580 -- Rural Hospital Infrastructure

Sponsor:  Shoemyer

This bill requires at least 5% of all loans, grants, and other
moneys approved annually by the Missouri Development Finance
Board for project use to be awarded to critical access hospitals.
A "critical access hospital" is defined as a Medicare-provider
hospital designated as a critical access hospital by the state in
the state's plan with the Centers for Medicare and Medicaid
Services under the federal Medicare Rural Hospital Flexibility
Program or a project for new construction of a critical access
hospital with a certification letter from the Centers for
Medicare and Medicaid Services.

Any year in which less than 5% of all loans, grants, and other
moneys approved is not awarded, the moneys will carry over to the
next year and only be awarded to critical access hospitals.  Any
money reserved for critical access hospitals that exceeds 10% of
all loans, grants, and other moneys can be used for any other
purpose.  Any unused reserved moneys after the expiration date
can also be used for any other purpose.

Any loans, grants, or other moneys received by critical access
hospitals after January 1, 2007, can only be used for design and
construction expenses of new hospitals.

The provisions of the bill will expire 10 years from the
effective date.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:43 am