Enrolled Bill Summary

House Bill 393 establishes the Charitable Health Care Trust Act to require nonprofit health benefit plans or health care providers entering into certain agreements and transactions to establish the fair market value of the nonprofit provider's assets. The bill sets requirements for obtaining the appraisal, for the publication of notice, and for holding public meetings related to the transaction. The bill also authorizes the attorney general to bring an action for a temporary restraining order, an injunction, a civil penalty, or other relief in order to prevent a nonprofit provider from entering into an agreement.