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ACT NO. 81

(H.772)

Hospital Budget Review Process

This act amends the hospital budget review process by requiring that the Commissioner of Banking, Insurance, Securities, and Health Care Administration establish a budget for each hospital by September 15 of each year, followed by a written decision by October 1 of each year. This act amends the hospital budget review process by establishing rule-making authority for the commissioner to develop a process that allows a temporary waiver of one or more hospital review processes, for no more than one year consecutively.

Effective Date: October 1, 2000.