This bill amends existing laws to permit alternative treatment centers (ATCs) to operate on a for-profit basis, moving away from the previous not-for-profit model. It modifies the definition of an "alternative treatment center" to include domestic business corporations and limited liability companies, while
removing the requirement for these centers to be not-for-profit entities. The bill introduces provisions for ATCs to be organized under various business structures, including voluntary corporations, and outlines the process for converting between these structures. Additionally, it updates governance requirements, mandating that ATC boards include at least one medical professional and a qualified patient, with a majority of members being New Hampshire residents.
Furthermore, the bill includes new legal language that allows ATCs to convert to domestic corporations or limited liability companies and to merge with other business entities. It specifies the necessary steps and approvals for these conversions and mergers, including board approval in accordance with RSA 126-X:8, XX. The bill also clarifies that ATCs are not required to be recognized as tax-exempt organizations by the IRS. The fiscal impact is minimal, with a one-time expenditure of $13,000 for software and operational changes, covered by non-general fund revenue sources, and it is set to take effect 60 days after passage.
Statutes affected: Introduced: 126-X:1, 126-X:7, 126-X:8, 292:7, 293-A:9, 304-C:149