Board ID
3f312bc4-6e66-e411-8d8b-005056ba7b6d
Board Title
Health Care Facilities Authority
Board Description
Authorizes the sale of tax-exempt, non-recourse revenue bonds and loan proceeds to non-profit health-care facilities. Sells bonds in the name of the authority and are payable from an individual hospital's revenue. Performs various computation tasks such as average useful life, debt capacity analysis, rating analysis, and financing process timeline projections.
Total Positions
5
Governor Appointments
1
Member Term Years
4
Member Compensation
Reimbursement for travel
Member Qualification
One member of the general public who has interest or expertise in health care delivery. Four other members also serve - Governor, Lieutenant Governor, Insurance Commissioner and Secretary of the Department of Health.
Policy Area
Board Website
Public Disclosure Required
True
Legislative Confirmation Required
True