FL H0895

Requires hospital governing boards to evaluate community benefits and conduct public hearings before selling or leasing hospital facilities, with findings published by September 28, 2012.

Mandates boards publicly advertise and solicit proposals from qualified purchasers or lessees, and any sale or lease must be for fair market value or demonstrably in the best interest of the affected community.

Requires written findings documenting consideration of fair market value, tax impacts, continuity of services for indigent and uninsured populations, and all relevant financial information before accepting a proposal.

Establishes Chief Financial Officer approval process with mandatory hearing and judicial review procedures; courts must affirm CFO decisions unless they are arbitrary, capricious, or non-compliant with the act.

Directs 50 percent of net sale or lease proceeds to county economic development trust funds and 50 percent to indigent and uncompensated care funding; if sold to for-profit entities, resulting ad valorem tax revenue is split between health care economic development and education/law enforcement.