Relating to hospital finance; and declaring an emergency.
Chapter 111, (2026 Laws): Effective date April 7, 2026.
Summary
The bill lets the Oregon State Treasurer loan up to 20% of the Unclaimed Property and Estates Fund to rural hospitals that are publicly governed and receive Medicare DRG payments. Loans are limited to covering cash shortages or refinancing existing debt and cannot fund expansions or capital projects. Hospitals must submit a repayment‑focused stabilization plan approved by the Oregon Health Authority, and the loan interest cannot be lower than the current federal funds rate.
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