Senate Bill 2747 Summary

• Authorizes community hospital boards of trustees to sell or lease hospitals to for-profit or not-for-profit Mississippi entities for operation of the facility.

• Requires boards to conduct public hearings, obtain independent hospital valuations, and compare operational costs with similarly situated hospitals before approving any sale or lease.

• Mandates that sales or leases be for fair market value (or if below fair market value, demonstrate community benefit) and include enforceable commitments to continue services to indigent and uninsured patients.

• Requires 50% of net sale proceeds to fund health care economic development and 50% to fund indigent care delivery within the district; any resulting ad valorem tax revenue from privatized facilities must support health care purposes.

• Establishes State Department of Health approval process based on procedural compliance, with judicial review available; exempts existing leases from requirements unless terminated or modified.