MS SB3127

Amends the Oxford/Lafayette County Community Health Foundation law to authorize the City of Oxford and Lafayette County Board of Supervisors to terminate the foundation upon termination of the hospital lease and subsequent sale of Oxford Lafayette Medical Center when the city and county no longer hold title to the hospital.

Requires assets of the fund to be liquidated and distributed in equal amounts to the city and county for deposit into their general funds, road funds, and/or reserve funds.

Permits the city and county to use liquidated assets for any purpose without limitation to health-related purposes, including construction and maintenance of public roads.

Maintains existing provisions for the foundation's operation while the hospital remains leased, including governance by a nine-member board of trustees and use of fund earnings for uncompensated indigent and needy care at the hospital.