Senate Bill 1060c1

    Florida Senate - 1998                           CS for SB 1060

    By the Committee on Health Care and Senator Silver





    317-2050-98

  1                      A bill to be entitled

  2         An act relating to health facilities

  3         authorities; amending s. 154.209, F.S.;

  4         authorizing authorities to finance certain

  5         accounts receivables; providing an effective

  6         date.

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  8  Be It Enacted by the Legislature of the State of Florida:

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10         Section 1.  Subsection (18) of section 154.209, Florida

11  Statutes, is amended to read:

12         154.209  Powers of authority.--The purpose of the

13  authority shall be to assist health facilities in the

14  acquisition, construction, financing, and refinancing of

15  projects in any corporated or unincorporated area within the

16  geographical limits of the local agency.  For this purpose,

17  the authority is authorized and empowered:

18         (18)  To participate in and issue bonds and other forms

19  of indebtedness for the purpose of establishing and

20  maintaining an accounts receivable program on behalf of a

21  health facility or group of health facilities.

22  Notwithstanding any other provisions of this part, the

23  structuring and financing of an accounts receivable program

24  pursuant to this subsection shall constitute a project and may

25  be structured for the benefit of health facilities within or

26  outside the geographical limits of the local agency. An

27  accounts receivable program may include the financing of

28  accounts receivable acquired by a health facility from other

29  health facilities, whether or not controlled by or affiliated

30  with such health facility and whether or not located in this

31  state.

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 1998                           CS for SB 1060
    317-2050-98




  1         Section 2.  This act shall take effect July 1, 1998.

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  3          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
  4                             SB 1060

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  6  The reference to "health care corporations" is changed to
    "health facilities" to conform the language in the bill to
  7  terms used in the amended law.

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