Bill > HB3277

This bill amends the West Virginia Hospital Finance Authority Act by providing comprehensive definitions for key terms related to hospital finance and facilities. The bill defines terms such as "Authority" (the West Virginia Hospital Finance Authority), "Board" (the management body of the Authority), "Bond" (revenue bonds issued by the Authority), and "Hospital" (which includes medical care institutions like nursing homes and facilities for individuals with intellectual disabilities). The bill elaborates on what constitutes "Hospital facilities," which encompasses a wide range of physical and functional spaces including outpatient clinics, laboratories, administrative buildings, research facilities, and office spaces primarily leased to healthcare providers. It also defines "Project costs" as the comprehensive expenses involved in acquiring or constructing hospital facilities, including planning, legal services, construction, financing, and even initial operating expenses. The definitions are designed to provide clarity and breadth in understanding the scope of the Hospital Finance Authority's responsibilities and the types of financial support and infrastructure development it can facilitate for healthcare institutions in West Virginia.

Health and Social Services

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=3277&year=2025&sessiontype=RS&btype=bill