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Texas Government Code - GOV'T § 526.0322. Financial Stabilization Grant Program

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The commission shall establish a financial stabilization grant program to award grants to support and improve the financial stability of rural hospitals, rural hospital districts, and rural hospital authorities that are determined to be at a moderate or high risk of financial instability.

(b) The determination of whether a grant applicant is at a moderate or high risk of financial instability shall be made using the hospital financial needs assessment and financial vulnerability index developed as part of the strategic plan required under Section 526.0301.

<Text of (b-1) expires Sept. 1, 2027 by its own terms.>

(b-1) Notwithstanding Subsection (b), for a grant application received before December 1, 2026, the office shall determine whether the applicant is at a moderate or high risk of financial instability by evaluating data published by the commission regarding the financial stability of rural hospitals, rural hospital districts, and rural hospital authorities.  This subsection expires September 1, 2027.

(c) The office shall develop a formula to allocate the money available to the commission for grants under this section to rural hospitals, rural hospital districts, and rural hospital authorities that are determined to be at a moderate or high risk of financial instability.  The formula may consider:

(1) the degree of financial vulnerability of the applicant as determined using the hospital financial needs assessment and financial vulnerability index developed under Section 526.0301;

(2) whether the applicant is the sole provider of hospital services in the county in which the applicant is located;

(3) whether a hospital is located within 35 miles of the applicant's facilities;  and

(4) any other factors the office determines are relevant to assessing the financial stability of rural hospitals, rural hospital districts, and rural hospital authorities.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 526.0322. Financial Stabilization Grant Program - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-526-0322/

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