MS HB152

Establishes a rural hospital capital improvements revolving loan program administered by the State Department of Health to provide loans to hospitals with 50 or fewer licensed beds for facility improvements.

Allows loans up to $500,000 per rural hospital with interest rates at or below market rates, with repayment required within 15 years beginning no later than one year after project completion.

Creates the "Rural Hospitals Capital Improvements Revolving Loan Fund" in the state treasury, funded by bond proceeds, loan repayments, interest earnings, and other sources, with unexpended amounts not lapsing at end of fiscal year.

Authorizes the State Bond Commission to issue up to $10,000,000 in general obligation bonds to fund the revolving loan fund, with bonds backed by the full faith and credit of Mississippi.

Prevents rural hospitals from receiving another loan within five years of receiving an initial loan and requires hospitals to establish a dedicated revenue source for loan repayment.