SB243 Alabama 2016 Session

Summary

Primary Sponsor

Greg J. Reed

Republican

Session

Regular Session 2016

Title

Universities that operate medical school, authorized to incorporate authorities to own and operate health care facilities, University Authority Act

Description

This bill would authorize public universities operating schools of medicine to form a new type of public corporation to be called an authority.

This bill would provide procedures for the incorporation, reincorporation, and dissolution of an authority.

This bill would prescribe powers of an authority, including the power to form university affiliates, the power of eminent domain, and the power to incur indebtedness.

This bill would authorize an authority to exercise its powers even if doing so would be deemed anticompetitive or monopolistic under federal or state antitrust laws.

This bill would authorize liens on the revenues and assets of an authority or university affiliate.

This bill would exempt an authority and university affiliate from state taxation and exempt indebtedness issued by an authority or university affiliate from state taxation.

This bill would make further findings with respect to the application and effect of this act on existing law.

Show more Show less

Subjects

Colleges and Universities