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DE SB146

Bill

Official Source

Status

Introduced

6/4/2009

Primary Sponsor

William Carson

Click for details

Origin

Senate

145th General Assembly

AI Summary

  • Amends Delaware Code Title 29 § 531(1)c to clarify that affiliations between not-for-profit healthcare entities are not considered "not-for-profit healthcare conversions" requiring regulatory approval.

  • Requires new owners in not-for-profit healthcare conversion transactions to submit annual reports to the Delaware Secretary of State detailing reserve status, funding sources, and expenditure amounts and purposes.

  • Adds new § 6310 to Title 18 to ensure that when health service corporations change control, approval conditions must preserve the corporation's surplus or reserves for subscriber benefit.

  • Applies to all transactions closing on or after the effective date of the legislation.

Legislative Description

An Act To Amend Title 21 Of The Delaware Code Relating To Enforcement Of Certain Rules Of The Road.

Last Action

SS 1 for SB 146 - Re-Assigned to Executive Committee in Senate

6/16/2009

Committee Referrals

Executive6/4/2009

Full Bill Text

No bill text available