HB0113
Extension of Critical Access and Rural Hospital Endowment Challenge Program
In one sentence
This law extends a state matching grant program for rural hospitals until 2014 and changes the rules for how remaining funds are used and returned to the state.
What it does
- Extends the endowment challenge program deadline from June 30, 2012, to June 30, 2014.
- Allows critical access or rural hospitals that have not yet received $250,000 in matching funds to continue receiving matches up to that limit, as long as funds remain in the account.
- Requires $1,500,000 of the originally appropriated funds to be set aside for distribution to hospitals that have not yet reached the $250,000 limit.
- Requires any unexpended and unobligated funds above the $1,500,000 reserve to be returned to the budget reserve account on June 30, 2012.
- Requires any remaining funds in the set-aside account to be returned to the budget reserve account on June 30, 2015.
Who it affects
- Critical access and rural hospitals in Wyoming.
- Foundations associated with these hospitals.
- The Wyoming State Treasurer.
Limits and unknowns
- The program is repealed on June 30, 2014.
- Hospitals can only receive matching funds up to a total of $250,000 under the new rules.
- The source does not specify how many hospitals will qualify for the remaining funds.
Plain language
Terms to know
- Endowment gift
- An irrevocable gift or transfer of money or property to a Wyoming critical access or rural hospital foundation that must be used exclusively for endowment purposes.
- Matching funds
- State money transferred to a hospital board of trustees to match endowment gifts actually received by the hospital's foundation.
- Revert
- To return unused money back to the state's budget reserve account.
Official record
Sources
Read the official summary
HB0113 Bill No.: HB0113 Drafter: LGC LSO No.: 12LSO-0299 Effective Date: March 15, 2012 Enrolled Act No.: HEA0039 Chapter No.: CH0087 Prime Sponsor: Representative Bonner Catch Title: Critical access endowment challenge program. Subject: Extending critical access/rural hospital endowment challenge program. Summary/Major Elements: In 2007, the legislature created a critical access/rural hospital endowment challenge program providing matching grants to critical access and rural hospitals and appropriated $4,000,000 to the program. The program was set to sunset June 30, 2012, and the unobligated funds in the matching account were set to revert at that time. This act extends the program until June 30, 2014, and modifies the program by allowing critical access or rural hospitals which have not yet received $250,000 from the matching program to qualify for matching funds up to that amount (to the extent funds remain in the matching account). This act allows all but $1,500,000 of the originally appropriated funds for the program to revert on June 30, 2012, as originally provided. Comments: Contains delayed effective/repeal date: Program repealed June 30, 2014.
Public statements
Why lawmakers voted
Last checked Aug 7, 5:16 PM
Wyoming roll calls
Recorded votes
5 roll calls
S Passed 3rd Reading 27-0-3-0-02012-03-07 · Senate27 yes 0 no
- Yes
- 27
- No
- 0
- Absent
- 0
- Excused
- 3
- Conflict
- 0
Yes 27
S10 Recommended Do Pass 5-0-0-0-02012-03-02 · Senate5 yes 0 no
- Yes
- 5
- No
- 0
- Absent
- 0
- Excused
- 0
- Conflict
- 0
H Passed 3rd Reading 57-0-3-0-02012-02-28 · House57 yes 0 no
- Yes
- 57
- No
- 0
- Absent
- 0
- Excused
- 3
- Conflict
- 0
Yes 57
H10 Recommended Do Pass 9-0-0-0-02012-02-21 · House9 yes 0 no
H Introduced and Referred to H10 57-0-3-0-02012-02-17 · House57 yes 0 no
- Yes
- 57
- No
- 0
- Absent
- 0
- Excused
- 3
- Conflict
- 0
Yes 57
Official activity
Bill history
- Assigned Chapter NumberLSO
- Governor Signed HEA0039Governor
- S President Signed HEA No. 0039Senate
- H Speaker Signed HEA No. 0039House
- Assigned Number HEA0039LSO
- S Passed 3rd ReadingSenate
- S Passed 2nd ReadingSenate
- S Passed CoWSenate
- S Placed on General FileSenate
- S10 Recommended Do PassSenate
- S Introduced and Referred to S10Senate
- S Received for IntroductionSenate
- H Passed 3rd ReadingHouse
- H Passed 2nd ReadingHouse
- H Passed CoWHouse
- H Placed on General FileHouse
- H10 Recommended Do PassHouse
- H Introduced and Referred to H10House
- H Received for IntroductionHouse
- Bill Number AssignedLSO