AL HB241

Authorizes public universities operating schools of medicine to form new public corporations called "authorities" to own and operate health care facilities and engage in health care delivery.

Grants authorities broad powers including acquiring/operating health care facilities, issuing bonds and indebtedness, exercising eminent domain, forming affiliates, and collaborating with other health care providers.

Exempts authorities and university affiliates from state taxation, competitive bidding laws, state ethics laws, public meeting requirements, and examination by state auditors.

Provides antitrust immunity allowing authorities to exercise powers without restriction even if deemed anticompetitive or monopolistic under federal/state antitrust laws.

Establishes procedures for incorporating new authorities, reincorporating existing health care entities as authorities, amending articles, and dissolving authorities when debt-free.