SB2459

Establishes the Mississippi Hospital Recovery Trust Program to provide grants to public hospitals at high financial risk.

The bill creates the Mississippi Hospital Recovery Trust Program in the Department of Finance and Administration to provide grants to public hospitals at high financial risk. The Department will allocate $150,000,000.00 to the Mississippi Hospital Recovery Trust Fund, which will be used to provide grants. To be eligible, a public hospital must apply and show documentation of being at high financial risk. The amount of each grant is determined by the Department, with priority given to hospitals at immediate risk of closing.