HF 4219

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/22/2024 02:55pm

A bill for an act
relating to human services; providing an exception to the property payment rate
for a nursing facility located in Minnetonka; amending Minnesota Statutes 2022,
section 256R.53, by adding a subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2022, section 256R.53, is amended by adding a subdivision
to read:

new text begin Subd. 4. new text end

new text begin Nursing facility in Minnetonka. new text end

new text begin (a) For a nursing facility located in Minnetonka
and licensed for 21 beds as of February 1, 2024, the commissioner shall use funding from
the moratorium exceptions process under section 144A.073 to calculate the facility's property
rate beginning July 1, 2024.
new text end

new text begin (b) For the purposes of determining the total property payment rate under section 256R.26
upon completion of the project for the facility described in paragraph (a), the final building
valuation is equal to the greater of the limited depreciated replacement cost as determined
under section 256R.26, subdivision 3, following a physical building appraisal or 105 percent
of the estimated total building valuation from the moratorium application.
new text end