Effective Dates

Authorizes the Health and Educational Facilities Authority (HEFA) to collect fees and administrative costs associated with the delegation of funds to various programs.

Section 188 of chapter 240 of the acts of 2010 subsequently dissolved HEFA and merged its functions into MassDevelopment.
Authorizes the Health and Educational Facilities Authority (HEFA) to allocate capital reserve funds to Community Hospital and Community Health Center Capital Reserve Funds created in Section 48 of this Act. These funds will support community hospitals and community health centers through loans and grant programs according to terms in Section 48 of this Act.

Section 188 of chapter 240 of the acts of 2010 subsequently dissolved HEFA and merged its functions into MassDevelopment.
Creates Community Hospital and Community Health Center Capital Reserve Funds for the benefit of nonprofit community hospitals and nonprofit community health centers licensed by the Department of Public Health. These funds are to be used solely for the payment of the principal of Health and Education Facilities Authority (HEFA) bonds. Fund beneficiaries include only facilities where the ratio of the number of physician residents-in-training to the number of inpatient beds does not exceed 0.25. The Office of Health and Human Services and the Office of Administration and Finance may require that fund beneficiaries submit financial records to verify eligibility and agree to certain terms of lending, including reimbursement to the fund in the event a facility defaults on repayment of a loan.

Section 188 of chapter 240 of the acts of 2010 subsequently dissolved HEFA and merged its functions into MassDevelopment.
Prevents the Commonwealth from raising taxes for the purpose of financing Community Hospital and Community Health Center Capital Reserve Funds.

Section 188 of chapter 240 of the acts of 2010 dissolved HEFA and merged its functions into MassDevelopment.
Instructs the Division of Insurance (DOI), in consultation with the Division of Health Care Finance and Policy, to establish regulations directing health insurance carriers to calculate and report medical loss ratios of health benefit plans. The regulations must provide definitions for carriers to distinguish between medical claims expenditures and administrative cost expenditures. Before adopting final regulations, DOI must consult with designated stakeholders.