§ 131A-34 – Commission approval for loan.
131A-34. Commission approval for loan. (a) Approval Required. – UNC Health Care shall not award a loan under the Program unless the Commission approves it. If the Commission enters an order denying the loan, the proceedings under this Article shall be at an end. (b) Conflict of Interest. – UNC Health Care must disclose to […]
§ 131A-35 – Award of loans; terms.
131A-35. Award of loans; terms. (a) Award. – Upon approval of the loan by the Commission, UNC Health Care shall execute the terms of the loan agreement. In adopting terms of the loan agreement, UNC Health Care may require changes to the governance structure of the eligible hospital. (b) Interest Rate and Maturity. – The […]
§ 131A-36 – Annual reports on the Rural Health Care Stabilization Fund.
131A-36. Annual reports on the Rural Health Care Stabilization Fund. (a) Requirement. – UNC Health Care shall publish a report each year on the Rural Health Care Stabilization Fund. The report shall be published by November 1 of each year and cover the preceding fiscal year. UNC Health Care shall make the report available to […]
§ 131A-31 – The Rural Health Care Stabilization Program.
131A-31. The Rural Health Care Stabilization Program. (a) Program Established; Purpose. – There is established the Rural Health Care Stabilization Program to provide loans for the support of eligible hospitals located in rural areas of the State that are in financial crisis due to operation of oversized and outdated facilities and recent changes to the […]
§ 131A-32 – The Rural Health Care Stabilization Fund.
131A-32. The Rural Health Care Stabilization Fund. The Rural Health Care Stabilization Fund is created as a nonreverting special fund in the Office of State Budget and Management. The Fund shall operate as a revolving fund consisting of funds appropriated to, or otherwise received by, the Rural Health Care Stabilization Program and all funds received […]
§ 131A-33 – Application for loan evaluation.
131A-33. Application for loan evaluation. (a) Application and Plan. – A public agency, an owner of a health care facility, or a partnership including one or more of those entities may apply for a loan under the Program to benefit an eligible hospital. To apply for a loan, an applicant must develop a hospital stabilization […]
§ 131A-20 – Officers not liable.
131A-20. Officers not liable. No member or officer of the Commission shall be subject to any personal liability or accountability by reason of his execution of any bonds or notes or the issuance thereof. (1975, c. 766, s. 1; 2019-240, s. 27.1(a); 2019-240, s. 27.1(a).)
§ 131A-21 – Tax exemption.
131A-21. Tax exemption. The exercise of the powers granted by this Article will be in all respects for the benefit of the people of the State and will promote their health and welfare. If bonds or notes are issued by the Commission to provide or improve a health care facility, then until the bonds or […]
§ 131A-22 – Conflict of interest.
131A-22. Conflict of interest. If any member, officer or employee of the Commission shall be interested either directly or indirectly, or shall be an officer or employee of or have an ownership interest in any firm or corporation interested directly or indirectly, in any contract with the Commission, such interest shall be disclosed to the […]
§ 131A-23 – Additional method.
131A-23. Additional method. The foregoing sections of this Article shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing; provided, […]