Digest: This Act makes the State Treasurer use unclaimed moneys to guarantee a loan to a hospital. (Flesch Readability Score: 63.6).
[
Digest: This Act lets the State Treasurer loan unclaimed moneys to rural hospitals. (Flesch Readability Score: 60.7).]
[
Authorizes]
Requires the State Treasurer to [
loan]
use up to [
20 percent of]
$44 million from the Unclaimed Property and Estates Fund to
guarantee a loan made to a rural [
hospitals]
hospital for financial stabilization.
Declares an emergency, effective on passage.
Statutes affected: Introduced: 98.389, 293.701
A-Engrossed: 98.302
Enrolled: 98.302