SF 1681

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/16/2023 08:29am

A bill for an act
relating to health; requiring a health system to return charitable assets received
from the state to the general fund in certain circumstances.

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

Section 1. new text begin RETURN OF CHARITABLE ASSETS.
new text end

new text begin If a health system that is organized as a charitable organization, and that includes M
Health Fairview University of Minnesota Medical Center, sells or transfers control to an
out-of-state nonprofit entity or to any for-profit entity, the health system must return to the
general fund any charitable assets the health system received from the state.
new text end