Loading chat...

LA HB317

Bill

Status

Engrossed

5/5/2025

Primary Sponsor

Michael Echols

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Creates the "Hospital Lease Accountability Act" targeting hospitals with 200+ beds owned by for-profit, publicly traded real estate investment trusts and leased to operators

  • Defines financial distress as closure/reduction of emergency or inpatient services, failure to pay employees for 30 consecutive days, or bankruptcy filing

  • Requires lessor entities to fund 12 months of operating expenses when financial distress occurs, reimburse state emergency funds, and disclose five years of financial transfers from the facility

  • Establishes personal liability for lessor board members and executives including repayment of five years of lease payments, civil penalties up to $250,000 per person, and 10-year disqualification from healthcare facility boards

  • Prohibits using Medicaid or state emergency grant funds for lease payments, with triple damages awarded for violations; grants whistleblower immunity and authorizes attorney general enforcement

Legislative Description

Establishes prohibited acts by certain healthcare facility lessors and lessees (RE SEE FISC NOTE SG RV)

HEALTH CARE/FACILITIES

Last Action

Read second time by title and referred to the Committee on Health and Welfare.

5/6/2025

Committee Referrals

Health & Welfare5/6/2025
Health and Welfare4/2/2025

Full Bill Text

No bill text available