sb622_Floor_amend_1_AM_25_0888_4.html
06 AM 25 0888
ADOPTED

Senators Tarver of the 22nd and Smith of the 52nd offered the following amendment:

Amend SB 622 by striking line 23 of page 1 and inserting in lieu thereof the following:
consummation; provided, however, that this subsection shall apply only if the notice of the subsequent transaction is given within one year after the date of the canceled hearing."

By striking lines 1 and 2 of page 3 and inserting in lieu thereof the following:
such documents, agreements, reports, and other papers shall be submitted not later than 14 days prior to the holding of the public hearing required by Code Section 31-7-406 and shall be available for public inspection at the hospital being acquired not later than 14 days prior to the holding of such public hearing.

By striking lines 5 through 9 of page 3 and inserting in lieu thereof the following:
(c) Notice to the Attorney General shall be accompanied by the payment by either the seller or lessor, or by the acquiring entity, of a fee in the amount of $50,000.00.
(d) The Attorney General shall be authorized to retain financial, economic, health planning, or other experts or consultants to assist in addressing each of the criteria set forth in Code Section 31-7-406. The Attorney General shall be authorized to retain financial, economic, health planning, or other experts or consultants to assist in addressing each of the criteria set forth in Code Section 31-7-406. Within 30 days after notice from the Attorney General, the cost and expense incurred in connection with the retention of such experts or consultants shall be paid directly to each of such experts and consultants by the parties to the proposed transaction in such proportionate amounts as the parties to the proposed transaction may agree or otherwise as determined by the Attorney General; provided, however, that the parties to the proposed transaction shall not be required to pay any portion of such cost and expense that exceeds a total amount of $60,000.00."