An Act expanding the moral obligation bond program to acute care hospitals
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill expands the existing Moral Obligation Bond (MOB) program to include acute care hospitals in Massachusetts. The MOB program currently requires hospitals to issue bonds to finance community health improvement projects. By extending this requirement to acute care hospitals, the bill aims to ensure that hospitals contribute financially to addressing health disparities and improving community health outcomes within the state. This expansion is intended to increase funding for programs that benefit underserved populations and communities.
Key provisions
- Requires acute care hospitals to participate in the Moral Obligation Bond program.
- Directs hospitals to issue bonds to fund community health improvement projects.
- The program will focus on addressing health disparities and improving community health outcomes.
- Funds raised through the bonds will be used for community-based health initiatives.
- The program’s scope is limited to acute care hospitals.
Who is affected
- Acute care hospitals in Massachusetts
- Community health organizations
- Underserved populations
- Massachusetts residents
Notable changes
- Expands the existing Moral Obligation Bond program.
- Includes acute care hospitals, which were previously excluded.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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