A Tennessee bill regulating transactions between county-owned hospitals and private companies is headed to the desk of Governor Bill Haslam, according to a Tennessean report.
The legislation would control the use of potential proceeds should a county-owned hospital be privatized. The issue stems from a local debate last year over whether Williamson Medical Center in Franklin, Tenn., should be privatized and whether the proceeds should be used to retire county debt. That privatization plan did not go through, however, due in part to the state law that restricts use of those proceeds.
The bill headed to the governor says any proceeds from hospital privatization must be used in a manner consistent with the terms under which the hospital was created.
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The legislation would control the use of potential proceeds should a county-owned hospital be privatized. The issue stems from a local debate last year over whether Williamson Medical Center in Franklin, Tenn., should be privatized and whether the proceeds should be used to retire county debt. That privatization plan did not go through, however, due in part to the state law that restricts use of those proceeds.
The bill headed to the governor says any proceeds from hospital privatization must be used in a manner consistent with the terms under which the hospital was created.
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