SB 1740 Summary

• Codifies and consolidates special laws governing the Citrus County Hospital Board as an independent special district, replacing chapters 99-442 and 2001-308.

• Establishes governance requirements for the not-for-profit corporation operating Citrus Memorial Hospital, including a majority of hospital board members on the corporation's board of directors and full approval authority over the CEO, budgets, and borrowing exceeding $100,000.

• Requires the not-for-profit corporation to separately account for all ad valorem tax expenditures in a dedicated fund, with public approval required for all tax fund spending.

• Grants the hospital board oversight authority including annual budget approval, approval of capital projects exceeding $250,000, and independent audits at the board's discretion.

• Permits judicial enforcement of the act through declaratory proceedings and injunctions to address disputes or non-compliance by the not-for-profit corporation with oversight and accountability provisions.