Oregon HB4075 authorizes the State Treasurer to guarantee loans for eligible rural hospitals to address cash shortages or refinance debt.

Oregon HB4075 allows the State Treasurer to guarantee loans for eligible rural hospitals. These loans can only be used to address cash shortages or refinance existing debt, not to expand services, facilities, or operations. The loans must be fully amortized, secured by a first position lien on the hospital's real property and material equipment, and have a maturity date of no later than 20 years. The State Treasurer can use up to $44 million from the Unclaimed Property and Estates Fund to fulfill contractual obligations on these guaranteed loans.

Oregon HB4075 authorizes the State Treasurer to guarantee loans for eligible rural hospitals to address cash shortages or refinance debt.

Oregon HB4075 allows the State Treasurer to guarantee loans for eligible rural hospitals. These loans can only be used to address cash shortages or refinance existing debt, not to expand services, facilities, or operations. The loans must be fully amortized, secured by a first position lien on the hospital's real property and material equipment, and have a maturity date of no later than 20 years. The State Treasurer can use up to $44 million from the Unclaimed Property and Estates Fund to fulfill contractual obligations on these guaranteed loans.