CA SB804

Requires health care districts to include the appraised fair market value of transferred assets in transfer agreements with nonprofit corporations

Mandates that transfer agreements for 50% or more of district assets include appraisals performed by independent consultants with expertise in valuation within six months before board approval

Requires board resolutions proposing transfers of 50% or more of assets to identify the specific assets, their appraised fair market value, and full consideration the district will receive

Maintains existing voter approval requirement for transfers of 50% or more of district assets through either special election or regularly scheduled election at least 88 days after board resolution

Prohibits district transfers to religious organizations without adequate consideration, and requires districts to report all asset transfers to the Attorney General within 30 days