SB 244 - This act modifies the investment authority of boards of trustees of municipal hospitals in third class cities and hospital district hospitals. Current law permits investment of up to 25% of funds not required for operations of the hospital or other obligations. This act permits investment of up to 50% of funds not required for operations or other obligations in a manner described in the act, with the remaining portion to be invested into any investment in which the Treasurer is allowed to invest.

Under this act, municipal hospitals in third class cities may operate in areas where hospital district hospitals and county hospitals operate. Hospital district hospitals may operate in areas where municipal hospitals in third class cities and county hospitals operate.

SARAH HASKINS

Statutes affected:
Introduced (0790S.02): 96.192, 96.196, 206.110, 206.158

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 244
Sponsor: Crawford
Hearing Date: 2/25/2025


COMMITTEE: General Laws

CHAIRMAN: Trent

DATE REFERRED: 2/13/2025 DATE HEARING REQUESTED:



STAFF:
Bryce Beal
Victoria Hooker
Scott Svagera


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Craig Thompson - Golden Valley Memorial Healthcare


WITNESSES AGAINST:
Arnie C. AC "Honest-Abe" DIENOFF-State Public Advocate - State Public Advocate