2002 Regular Session

HOUSE BILL 141

EMERGENCY BILL
File Code: Health Care Facilities and Regulation
Sponsored By:
Delegate Morhaim
Entitled:
Acquisition of Nonprofit Health Entities - Limitations on Officers, Directors, and Trustees

Synopsis:

Prohibiting officers, directors, trustees. and employees of a nonprofit health service plan from profiting from an acquisition or proposed acquisition of that entity in the form of any compensation arrangement other than a salary; specifying that an acquisition is not in the public interest unless specified steps have been taken to ensure that specified officers, directors, trustees, and employees do not profit except in a specified manner; making the Act an emergency measure; etc.

History by Legislative Date

House Action
1/16
First Reading Economic Matters
2/6
Hearing 2/14 at 1:00 p.m.
2/8
Hearing cancelled
Hearing 2/21 at 1:00 p.m.
3/20
Favorable with Amendments Report by Economic Matters
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (137-0)
Senate Action
3/22
First Reading Finance
Hearing 4/3 at 1:00 p.m.
3/26
Hearing cancelled
Hearing 4/2 at 1:00 p.m.
3/27
Hearing cancelled
Hearing 4/3 at 1:00 p.m.
4/6
Unfavorable Report by Finance
Bill indexed under the following Subjects:
HEALTH INSURANCE -see also- HMOS; MANAGED CARE ORGANIZATIONS
HEALTH MAINTENANCE ORGANIZATIONS -see also- MAN CARE ORGS
HEALTH PLANNING AND COST REVIEW
MERGERS
NONPROFIT ORGANIZATIONS
Bill affects the following Statutes:
Insurance
( 14-139 )
State Government
( 6.5-301 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 273492/2 (PDF)     Offered on: March 20, 2002   at: 10:38 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
House
March 21, 2002: Third Reading Passed (137-0)