Critical access hospital endowment challenge program.

WORKING DRAFT
2014
STATE OF
WYOMING
14LSO-0336

HOUSE BILL
NO.

HB0079

Critical access hospital endowment challenge program.

Sponsored by:
Representative(s) Hunt

A BILL

for

AN ACT relating to public health; extending the critical access/rural hospital endowment challenge program
as specified
; amending qualifications for receipt of funds; modifying reversion dates; making conforming amendments; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming
:

Section 1.

W.S. 35
‑
1
‑
1002(
a)(iii
)
(B) and (vi), 35
‑
1
‑
1003
(d)
and 35
‑
1
‑
1004(h
)
are amended to read:

35
‑
1
‑
1002.

Definitions.

(a)

As used in this article:

(iii)

"Endowment gift" means an irrevocable gift or transfer to a Wyoming critical access or rural hospital
foundation of money or other property, whether real, personal, tangible or intangible, and whether or not the donor or transferor retains an interest in the property, where the gift or the foundation's interest in the property is required to be used by the foundation exclusively for endowment purposes, provided:

(B)

A commitment to make the gift or transfer was made in writing to the respective critical access or rural hospital foundation, which commitment was received during the period July 1, 2007, through June 30,
2014
, and the gift was received or the transfer occurred not later than June 30,
2015

2017
.

(vi)

"Unobligated," for purposes of W.S. 35
‑
1
‑
1003(
b) and (d), means no commitment meeting the requirements of subparagraph (iii)(B) of this subsection was received prior to June 30,
2012

201
4
.

35
‑
1
‑
1003.

Wyoming critical access or rural hospital endowment challenge account.

(d)

Any unexpended and unobligated funds in excess of one million five hundred thousand dollars ($1,500,000.00)
from the amount appropriated to the separate accounts within the challenge account shall revert to the budget reserve account on June 30, 2012. Any unexpended funds remaining in the separate accounts within the challenge account shall revert to the budget reserve account on June 30, 2013. Of the one million five hundred thousand dollars ($1,500,000.00) segregated in the challenge account pursuant to subsection (b) of this section, any remaining funds in the account shall revert to the budget reserve account on June 30,
2015

2017
.

35
‑
1
‑
1004.

Endowment challenge account matching program; matching payments; agreements with foundations; annual reports.

(h)

Each critical access or rural hospital shall on or before October 1 of each year submit a report to the state treasurer from its foundation on the endowment matching program under this section for the preceding fiscal year. The report shall include a financial summary and a review of the accomplishments resulting from endowment program expenditures. The report required under this subsection shall be for each applicable fiscal year through June 30,
2015

2017
.

Section 2.

2007 Wyoming Session Laws, Chapter 217, Section 2(a)
, as amended by 2012 Wyoming Session Laws, Chapter 87,
Section
2
is amended to read:

Section 2.

(a)

Four million dollars ($4,000,000.00) is appropriated from the general fund to the critical access or rural hospital endowment challenge account as created under section 1 of this act. Of this appropriation, not more than two million dollars ($2,000,000.00) shall be transferred to the challenge account as necessary during the fiscal period beginning July 1, 2007 and ending June 30, 2008. The remaining funds shall be transferred to the challenge account as necessary during the fiscal period beginning July 1, 2008 and ending June 30, 2009. Notwithstanding any other provision of law, any unexpended funds in excess of one million five hundred thousand dollars ($1,500,000.00) from the amount appropriated under this subsection shall revert to the budget reserve account on June 30,
2012. Any remaining funds in the account shall revert to the budget reserve account on June 30,
2015

2017
.

Section
3
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

1
HB0079