OR HB4075

State Treasurer authorized to use up to 20% of the Unclaimed Property and Estates Fund to issue stabilization loans to rural hospitals

Eligible hospitals must be rural, owned and operated by a publicly elected board, and receive Medicare reimbursement based on diagnostic related groups

Loans restricted to addressing cash shortages or refinancing existing debt; prohibited from funding expansion of services, facilities, operations, or capital improvements

Applicants must submit a stabilization plan with financial forecasts showing expense reductions or revenue increases, approved by the Oregon Health Authority Director

Interest rates must be at least the applicable federal funds rate; declared an emergency effective upon passage