House Bill 3971

    Florida House of Representatives - 1998                HB 3971

        By Representative Gay






  1                      A bill to be entitled

  2         An act relating to health facilities

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

  4         providing that an accounts receivable program

  5         in which an authority participates on behalf of

  6         a health facility may include the financing of

  7         accounts receivable acquired by the facility

  8         from other not-for-profit health care

  9         corporations, regardless of affilliation or

10         location; providing an effective date.

11

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

13

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

15  Statutes, is amended to read:

16         154.209  Powers of authority.--The purpose of the

17  authority shall be to assist health facilities in the

18  acquisition, construction, financing, and refinancing of

19  projects in any corporated or unincorporated area within the

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

21  the authority is authorized and empowered:

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

23  of indebtedness for the purpose of establishing and

24  maintaining an accounts receivable program on behalf of a

25  health facility or group of health facilities.

26  Notwithstanding any other provisions of this part, the

27  structuring and financing of an accounts receivable program

28  pursuant to this subsection shall constitute a project and may

29  be structured for the benefit of health facilities within or

30  outside the geographical limits of the local agency. An

31  accounts receivable program may include the financing of

                                  1

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






    Florida House of Representatives - 1998                HB 3971

    540-177-98






  1  accounts receivable acquired by a health facility from other

  2  not-for-profit health care corporations, whether or not

  3  controlled by or affilliated with the health facility and

  4  regardless of location within or outside the geographical

  5  limits of this state.

  6         Section 2.  This act shall take effect upon becoming a

  7  law.

  8

  9            *****************************************

10                          HOUSE SUMMARY

11
      Provides that an accounts receivable program in which a
12    health facilities authority participates on behalf of a
      health facility may include the financing of accounts
13    receivable acquired by the facility from other
      not-for-profit health care corporations, regardless of
14    affilliation or location.

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

                                  2