New Jersey S1496 establishes a dedicated fund for hospital capital improvements using assessments from Horizon Blue Cross Blue Shield's.

New Jersey S1496 creates the Public Hospital Capital Fund, a dedicated nonlapsing fund for capital projects at public hospitals. The fund will receive moneys from assessments resulting from Horizon Blue Cross Blue Shield of New Jersey's reorganization to a mutual holding company. The fund's purpose is to finance capital projects at public hospitals, with no more than 25 percent of the initial assessment expended in any fiscal year. The fund will operate based on legislative recommendations and will cease once the funds are exhausted.

New Jersey S1496 establishes a dedicated fund for hospital capital improvements using assessments from Horizon Blue Cross Blue Shield's.

New Jersey S1496 creates the Public Hospital Capital Fund, a dedicated nonlapsing fund for capital projects at public hospitals. The fund will receive moneys from assessments resulting from Horizon Blue Cross Blue Shield of New Jersey's reorganization to a mutual holding company. The fund's purpose is to finance capital projects at public hospitals, with no more than 25 percent of the initial assessment expended in any fiscal year. The fund will operate based on legislative recommendations and will cease once the funds are exhausted.