1-1 By: Maxey, Kitchen (Senate Sponsor - Ellis) H.B. No. 393 1-2 (In the Senate - Received from the House May 7, 2001; 1-3 May 7, 2001, read first time and referred to Committee on Health 1-4 and Human Services; May 11, 2001, reported favorably by the 1-5 following vote: Yeas 7, Nays 0; May 11, 2001, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to certain nonprofit entities that provide health or 1-9 long-term care or health benefit plans; providing a penalty. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. PURPOSE AND FINDINGS. Nonprofit health care 1-12 providers have historically served the needs of their community, 1-13 including the needs of uninsured individuals in the community. 1-14 Access to high quality, affordable health care is a continuing need 1-15 in a state with over four million uninsured individuals and 1-16 millions more individuals who do not have adequate insurance. 1-17 Changes in the health care market have caused a substantial number 1-18 of nonprofit health care providers and nonprofit health benefit 1-19 plan providers to establish new ventures, affecting hundreds of 1-20 millions of charitable dollars. As these changes in the health 1-21 care system occur, it is in the best interest of this state to 1-22 ensure that these health care assets, which are impressed with a 1-23 constructive charitable trust for health care purposes, continue to 1-24 serve the public and the unmet health care needs in this state. 1-25 SECTION 2. SHORT TITLE. This Act may be cited as the 1-26 Charitable Health Care Trust Act. 1-27 SECTION 3. DEFINITIONS. In this Act: 1-28 (1) "Charitable health care organization" means an 1-29 organization that is: 1-30 (A) exempt from federal income tax under Section 1-31 501(a) of the Internal Revenue Code of 1986 by being listed as an 1-32 exempt organization in Section 501(c)(3) of the code; and 1-33 (B) dedicated to: 1-34 (i) serving unmet health care needs in 1-35 this state, particularly the health care needs of low-income 1-36 uninsured and underserved populations; and 1-37 (ii) promoting access to health care and 1-38 improving the quality of health care. 1-39 (2) "For-profit entity" means a business entity that 1-40 is not a mutual plan provider or a nonprofit provider. 1-41 (3) "Health benefit plan provider" means an insurer, 1-42 group hospital service corporation, health maintenance 1-43 organization, or other entity that issues: 1-44 (A) an individual, group, blanket, or franchise 1-45 insurance policy, insurance agreement, or group hospital service 1-46 contract that provides benefits for medical or surgical expenses 1-47 incurred as a result of an accident or sickness; 1-48 (B) an evidence of coverage or group subscriber 1-49 contract; or 1-50 (C) a long-term care insurance policy. 1-51 (4) "Health care provider" means an entity licensed to 1-52 provide health or long-term care. The term includes a facility 1-53 licensed under Subtitle B, Title 4, Health and Safety Code. 1-54 (5) "Mutual plan provider" means a mutual or mutual 1-55 assessment association subject to Chapter 11, 12, 13, or 14, 1-56 Insurance Code, that provides health and accident insurance, 1-57 including any entity exempt under Article 14.17, Insurance Code. 1-58 (6) "Nonprofit provider" means a health benefit plan 1-59 provider or a health care provider that is: 1-60 (A) exempt from federal income tax under Section 1-61 501(a) of the Internal Revenue Code of 1986 by being listed as an 1-62 exempt organization in Section 501(c)(3) or 501(c)(4) of the code; 1-63 (B) incorporated under the Texas Non-Profit 1-64 Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil 2-1 Statutes) or a similar law of another state; 2-2 (C) exempt from state franchise, property, and 2-3 sales taxes; or 2-4 (D) organized and operated exclusively for the 2-5 promotion of social welfare and that normally receives more than 2-6 one-third of its support in a year from private or public gifts, 2-7 grants, contributions, or membership fees. 2-8 SECTION 4. DUTIES OF NONPROFIT PROVIDER. (a) A nonprofit 2-9 provider shall comply with this Act, in accordance with the periods 2-10 established by this Act, with respect to an agreement or 2-11 transaction under which the nonprofit provider directly or 2-12 indirectly: 2-13 (1) sells, transfers, leases, exchanges, provides an 2-14 option with respect to, or otherwise disposes of assets of the 2-15 nonprofit provider in favor of another nonprofit provider, a 2-16 for-profit entity, or a mutual plan provider; 2-17 (2) restructures as or converts to another nonprofit 2-18 provider, a for-profit entity, or a mutual plan provider; 2-19 (3) transfers control, responsibility, or governance 2-20 of the assets, operations, or business of the nonprofit provider in 2-21 favor of another nonprofit provider, a for-profit entity, or a 2-22 mutual plan provider; or 2-23 (4) closes a facility operated by the nonprofit 2-24 provider or dissolves. 2-25 (b) Subsection (a)(1) or (2) of this section applies only 2-26 if: 2-27 (1) the fair market value of the assets of the 2-28 nonprofit provider involved in the proposed agreement or 2-29 transaction is at least 30 percent of the value of the total assets 2-30 of the nonprofit provider; or 2-31 (2) the fair market value of the assets of the 2-32 nonprofit provider involved in the proposed agreement or 2-33 transaction, when added to the fair market value of all assets of 2-34 the nonprofit provider that have been subject to a previous 2-35 agreement or transaction described by Subsection (a)(1), (2), or 2-36 (3) of this section that has been made during the two-year period 2-37 before the date on which the proposed agreement or transaction 2-38 becomes effective, is at least 35 percent of the value of the total 2-39 assets of the nonprofit provider. 2-40 (c) Subsection (a)(3) of this section applies only if: 2-41 (1) the fair market value of the assets of the 2-42 nonprofit provider with respect to which control, responsibility, 2-43 or governance would be transferred under the proposed agreement or 2-44 transaction, is at least 30 percent of the value of the total 2-45 assets of the nonprofit provider; 2-46 (2) the fair market value of the assets of the 2-47 nonprofit provider with respect to which control, responsibility, 2-48 or governance would be transferred under the proposed agreement or 2-49 transaction, when added to the fair market value of all assets of 2-50 the nonprofit provider that have been subject to a previous 2-51 agreement or transaction described by Subsection (a)(1), (2), or 2-52 (3) of this section that has been made during the two-year period 2-53 before the date on which the proposed agreement or transaction 2-54 becomes effective, is at least 35 percent of the value of the total 2-55 assets of the nonprofit provider; 2-56 (3) the gross revenues associated with business or 2-57 operations of the nonprofit provider with respect to which control, 2-58 responsibility, or governance would be transferred under the 2-59 proposed agreement or transaction is at least 30 percent of the 2-60 value of the gross revenues associated with all of the business or 2-61 operations of the nonprofit provider; or 2-62 (4) the gross revenues associated with business or 2-63 operations of the nonprofit provider with respect to which control, 2-64 responsibility, or governance would be transferred under the 2-65 proposed agreement or transaction, when added to the gross revenues 2-66 associated with the business or operations with respect to which 2-67 control, responsibility, or governance has been transferred under a 2-68 previous agreement or transaction described by Subsection (a)(3) of 2-69 this section that has been made during the two-year period before 3-1 the date on which the proposed agreement or transaction becomes 3-2 effective, is at least 35 percent of the value of the gross 3-3 revenues associated with all of the business or operations of the 3-4 nonprofit provider. 3-5 (d) For purposes of applying Subsection (b) or (c)(1) or (2) 3-6 of this section: 3-7 (1) the fair market value of assets of a nonprofit 3-8 provider involved in a previous agreement or transaction is 3-9 determined as of the time the previous agreement or transaction 3-10 became effective; and 3-11 (2) the fair market value of the total assets of the 3-12 nonprofit provider is determined as of the time the proposed 3-13 agreement or transaction would become effective. 3-14 (e) For purposes of applying Subsection (c)(3) or (4) of 3-15 this section: 3-16 (1) the gross revenues associated with the business or 3-17 operations of a nonprofit provider with respect to which control, 3-18 responsibility, or governance has been transferred under a previous 3-19 agreement or transaction are determined as of the time the previous 3-20 agreement or transaction became effective; and 3-21 (2) the value of the gross revenues associated with 3-22 all of the business or operations of the nonprofit provider is 3-23 determined as of the time the proposed agreement or transaction 3-24 would become effective. 3-25 (f) If a nonprofit provider is a health care system that 3-26 owns or operates more than one licensed hospital, each separately 3-27 licensed hospital is a nonprofit provider for purposes of applying 3-28 this section and, for purposes of applying Subsections (b), (c), 3-29 (d), and (e) of this section, only the assets and business or 3-30 operations of the separately licensed hospital shall be considered. 3-31 SECTION 5. CHARITABLE HEALTH CARE ASSETS. (a) Except as 3-32 provided by Subsection (b) of this section, a nonprofit provider 3-33 that enters into an agreement or transaction described by Section 4 3-34 of this Act shall: 3-35 (1) establish the fair market value of the assets of 3-36 the nonprofit provider; and 3-37 (2) request an appraisal from the chief appraiser or 3-38 appraisers of the appraisal district or districts in which the 3-39 nonprofit provider's property is located. 3-40 (b) A nonprofit provider that enters into an agreement or 3-41 transaction described by Section 4 of this Act with another 3-42 nonprofit provider is not required to request an appraisal from the 3-43 chief appraiser or appraisers of the appraisal district or 3-44 districts in which the nonprofit provider's property is located. 3-45 (c) Subject to Subsections (f), (g), and (h) of this 3-46 section, the charitable health care assets resulting from an 3-47 agreement or transaction described by Section 4 of this Act must be 3-48 irrevocably dedicated to a charitable health care purpose and 3-49 distributed to an existing or newly created charitable health care 3-50 organization that will operate in the service area of the nonprofit 3-51 provider and that is designated to receive the distributions. 3-52 (d) An assessor who is not an employee of the nonprofit 3-53 provider and who is otherwise independent of the nonprofit provider 3-54 and of the other nonprofit provider, the for-profit entity, or the 3-55 mutual plan provider with which the agreement or transaction is 3-56 being made shall determine the fair market value of the charitable 3-57 health care assets. In determining the fair market value, the 3-58 assessor shall consider market value, investment or earnings value, 3-59 net asset value, and a control premium, if any. The nonprofit 3-60 provider shall pay for the assessment conducted under this 3-61 subsection. 3-62 (e) A portion of the consideration conveyed to the 3-63 charitable health care organization may consist of stock of a 3-64 for-profit entity that is a party to the agreement or transaction. 3-65 Stock conveyed to the charitable health care organization in 3-66 accordance with this subsection may not be subject to any 3-67 requirements relating to the sale or transfer of the stock by the 3-68 charitable health care organization, except to the extent required 3-69 by federal law. In addition, the agreement or transaction may not 4-1 place unreasonable requirements on the sale or transfer of the 4-2 stock that would adversely affect the value of the stock. 4-3 (f) The charitable health care assets may be used to satisfy 4-4 a debt or similar obligation of the nonprofit provider that exists 4-5 at the time the agreement or transaction becomes effective. 4-6 (g) In a case in which only a portion of the assets or 4-7 operations or business of a nonprofit provider is subject to an 4-8 agreement or transaction described by Section 4 of this Act, the 4-9 nonprofit provider is not required to distribute the charitable 4-10 health care assets and may satisfy the requirements of this Act 4-11 through continued use of the assets by the nonprofit provider, 4-12 provided that the assets are dedicated to a charitable health care 4-13 purpose in the nonprofit provider's service area. 4-14 (h) In a case in which there is an affiliated nonprofit 4-15 provider in the service area of the nonprofit provider that can 4-16 satisfy the requirements of this Act, the nonprofit provider is not 4-17 required to distribute the charitable health care assets and may 4-18 satisfy the requirements of this Act through continued use of the 4-19 assets by the affiliated nonprofit provider, provided that the 4-20 assets are dedicated to a charitable health care purpose in the 4-21 nonprofit provider's service area. For purposes of this subsection, 4-22 nonprofit providers are affiliated nonprofit providers if they 4-23 share common governance. 4-24 SECTION 6. NOTICE OF AGREEMENT OR TRANSACTION. (a) A 4-25 nonprofit provider that signs a letter of intent or another 4-26 document evidencing the intent to enter into an agreement or 4-27 transaction described by Section 4 of this Act shall notify the 4-28 attorney general and shall publish notice in accordance with 4-29 Section 7 of this Act. 4-30 (b) The notice to the attorney general must: 4-31 (1) be made in writing not later than the earlier of: 4-32 (A) the fifth day after the date the letter of 4-33 intent or other document is signed; or 4-34 (B) the 90th day before the date on which the 4-35 agreement or transaction is to become effective; and 4-36 (2) disclose the conditions under which the agreement 4-37 or transaction will be made according to the best information 4-38 available to the nonprofit provider. 4-39 (c) The notice provided to the attorney general under 4-40 Subsection (b) of this section must state: 4-41 (1) the identity of the nonprofit provider and any 4-42 nonprofit entity that owns or controls the nonprofit provider; 4-43 (2) the identity of the other nonprofit provider, the 4-44 for-profit entity, or the mutual plan provider with which the 4-45 proposed agreement or transaction is to be made; 4-46 (3) the identity of any other party to the proposed 4-47 agreement or transaction; 4-48 (4) the terms of the proposed agreement or 4-49 transaction; 4-50 (5) the value of consideration to be provided in 4-51 connection with the proposed agreement or transaction and the basis 4-52 on which this valuation is made; 4-53 (6) the value of the local appraisal of the nonprofit 4-54 provider's property, if requested under Section 5(a) of this Act; 4-55 (7) the identity of any individual or entity who is an 4-56 officer, director, or affiliate of the nonprofit provider and a 4-57 statement as to whether each named individual or entity: 4-58 (A) has been promised future employment as a 4-59 result of the proposed agreement or transaction; 4-60 (B) has been a party to discussions relating to 4-61 future employment as a result of the proposed agreement or 4-62 transaction; or 4-63 (C) has any other direct or indirect economic 4-64 interest in the proposed agreement or transaction; and 4-65 (8) the date on which the proposed agreement or 4-66 transaction is to become effective. 4-67 (d) The nonprofit provider shall notify the attorney general 4-68 of a material change in the agreement or transaction or the 4-69 information required by Subsection (c) of this section not later 5-1 than the 30th day before the date the agreement or transaction 5-2 becomes effective. The attorney general may waive the requirement 5-3 that the notice be provided within the time required by this 5-4 subsection if the attorney general finds the waiver is appropriate. 5-5 (e) The information submitted to the attorney general under 5-6 Subsections (c)(1), (2), (3), and (6) of this section and the 5-7 materials submitted with the notice are public information. The 5-8 attorney general shall make the information described by this 5-9 subsection available as required by Chapter 552, Government Code. 5-10 On the request of any person, the nonprofit provider shall make the 5-11 information described by this subsection available at the business 5-12 office of the nonprofit provider the address of which is required 5-13 to be published under Section 7 of this Act. 5-14 SECTION 7. PUBLICATION OF NOTICE. (a) The published notice 5-15 required by Section 6(a) of this Act must state: 5-16 (1) that the nonprofit provider intends to enter into 5-17 an agreement or transaction that is subject to this Act; 5-18 (2) the address of the business office of the 5-19 nonprofit provider in the nonprofit provider's publication area; 5-20 and 5-21 (3) that more detailed information concerning the 5-22 proposed agreement or transaction as described by Section 6 of this 5-23 Act is available at the business office. 5-24 (b) Not later than the 90th day before the date the 5-25 agreement or transaction is to become effective, the notice must be 5-26 published in the Texas Register and at least once in a newspaper of 5-27 general circulation in the nonprofit provider's publication area. 5-28 (c) If the nonprofit provider's publication area includes 5-29 more than one county, the nonprofit provider must send the notice 5-30 to a newspaper of general circulation in each county included in 5-31 the publication area. If a newspaper of general circulation does 5-32 not exist in a county in which publication is required, the 5-33 nonprofit provider shall send the notice to the commissioners court 5-34 of that county. The commissioners court may post the notice as it 5-35 finds appropriate. 5-36 (d) For purposes of this section, the nonprofit provider's 5-37 publication area is: 5-38 (1) each county in which a facility that is operated 5-39 by the nonprofit provider and that is affected by an agreement or 5-40 transaction described by Section 4 of this Act is located; 5-41 (2) if different from the county described in 5-42 Subdivision (1) of this subsection, the county in which the 5-43 principal executive office of the provider is located; and 5-44 (3) each county that is contiguous to a county 5-45 described by Subdivision (1) of this subsection. 5-46 SECTION 8. PUBLIC MEETING. (a) Except as provided by 5-47 Subsection (d) of this section, not later than the 45th day after 5-48 the date the attorney general receives the notice under Section 6 5-49 of this Act, the nonprofit provider shall: 5-50 (1) solicit written public comment; and 5-51 (2) hold at least one public meeting to obtain public 5-52 comment in the publication area of the nonprofit provider, as 5-53 determined under Section 7 of this Act. 5-54 (b) Not later than the 21st day before the date of the 5-55 public meeting, the nonprofit provider shall: 5-56 (1) publish notice of the request for written comment 5-57 and of the time and place of the meeting; and 5-58 (2) notify the commissioners court in each county in 5-59 the publication area of the nonprofit provider, as determined under 5-60 Section 7 of this Act, of the request for written comment and of 5-61 the time and place of the meeting. 5-62 (c) The notice provided under Subsection (b)(1) of this 5-63 section must state the address of the business office of the 5-64 nonprofit provider in the nonprofit provider's publication area, as 5-65 determined under Section 7 of this Act, and must state that more 5-66 detailed information concerning the proposed agreement or 5-67 transaction is available at the business office. 5-68 (d) A nonprofit provider that enters into an agreement or 5-69 transaction described by Section 4 of this Act with another 6-1 nonprofit provider that is located in the same publication area, as 6-2 determined under Section 7 of this Act, is not required to hold a 6-3 public meeting under Subsection (a)(2) of this section. 6-4 SECTION 9. ENFORCEMENT BY ATTORNEY GENERAL'S OFFICE. (a) 6-5 The attorney general may bring an action in a district court of 6-6 Travis County for: 6-7 (1) a temporary restraining order, a temporary 6-8 injunction, or a permanent injunction to prevent a nonprofit 6-9 provider from entering into an agreement or transaction described 6-10 by Section 4 of this Act in violation of this Act; 6-11 (2) a civil penalty in an amount not to exceed $10,000 6-12 for each day of a continuing violation of this Act; or 6-13 (3) any other appropriate relief authorized under a 6-14 statute or the common law. 6-15 (b) In an action brought under this section in which the 6-16 attorney general prevails, the court may award to the attorney 6-17 general the costs of the suit and attorney's fees. 6-18 SECTION 10. EFFECTIVE DATE. This Act takes effect September 6-19 1, 2001. 6-20 SECTION 11. TRANSITION. (a) This Act applies only to: 6-21 (1) an agreement described by Section 4 of this Act 6-22 that is entered into on or after September 1, 2001; or 6-23 (2) a transaction described by Section 4 of this Act 6-24 that is made pursuant to an agreement entered into on or after 6-25 September 1, 2001. 6-26 (b) An agreement described by Section 4 of this Act that is 6-27 entered into before September 1, 2001, and a transaction described 6-28 by Section 4 of this Act that is made pursuant to an agreement 6-29 entered into before September 1, 2001, are governed by the law as 6-30 it existed immediately before the effective date of this Act, and 6-31 that law is continued in effect for that purpose. 6-32 * * * * *