Bill > HB2337

This bill amends Tennessee law regarding the sale of public benefit hospitals, which are hospitals established for the benefit of a county or municipal government. Specifically, it modifies the process for the Attorney General to approve such sales by requiring consideration of whether the money received from the sale (the "proceeds") will be managed independently from the entity buying the hospital. The bill also introduces an exemption for very large hospitals, valued at over $500 million, that were solely established for a county government's benefit, meaning they won't be subject to certain provisions related to public benefit hospital sales if approved by a two-thirds vote of the county's legislative body. Additionally, it clarifies that proceeds from a sale cannot be returned to a county or municipal government unless it's to cover legitimate debts owed to them.