HB582 Summary

• Authorizes public universities operating medical schools to establish public corporations (authorities) to own and operate health care facilities or collaborate with other health care providers.

• Grants authorities broad powers including acquiring and operating health care facilities, issuing bonds and indebtedness, entering into contracts, and participating in joint ventures with public and private entities.

• Provides authorities with eminent domain power, exemptions from taxation, competitive bidding requirements, and usury laws, plus sovereign immunity protections.

• Establishes procedures for incorporating, amending, reincorporating, and dissolving authorities, with governance through a board of directors appointed primarily by the sponsoring university.

• Exempts authorities and university affiliates from state ethics laws, open meetings requirements, and antitrust laws when exercising powers under the act.