Current Status Bill Number:1165 Type of Legislation:Concurrent Resolution CR Introducing Body:Senate Introduced Date:19960221 Primary Sponsor:McConnell All Sponsors:McConnell, Washington and Ford Drafted Document Number:res9916.gfm Companion Bill Number:4653 Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Columbia/HCA and Medical University of South Carolina
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19960221 Introduced, referred to Committee 06 SFView additional legislative information at the LPITS web site.
TO PROVIDE THAT THE MEMBERS OF THE STATE BUDGET AND CONTROL BOARD AND THE JOINT BOND REVIEW COMMITTEE SHALL, AFTER THEIR RESPECTIVE REVIEWS OF THE PROPOSED SALE OR LEASE BETWEEN MUSC AND COLUMBIA/HCA, FORWARD THEIR RECOMMENDATIONS TO THE GENERAL ASSEMBLY AND THE SALE OR LEASE OF MUSC ASSETS TO COLUMBIA/HCA SHALL NOT OCCUR UNLESS THE GENERAL ASSEMBLY BY CONCURRENT RESOLUTION APPROVES THE SALE OR LEASE.
Whereas, the Medical University of South Carolina is has taken preliminary steps to enter into a sale or lease of some of its assets to Columbia/HCA; and
Whereas, the value of these state assets exceeds ten million dollars; and
Whereas, the sale or lease requires the approval of the State Budget and Control Board and the Joint Bond Review Committee; and
Whereas, a transaction of this magnitude involving state assets should not be consummated without the express approval of the General Assembly. Now, therefore,
Be it resolved by the Senate, the House of Representatives concurring:
That the members of the State Budget and Control Board and the Joint Bond Review Committee shall, after their respective reviews of the proposed sale or lease between MUSC and Columbia/HCA, forward their recommendations to the General Assembly and the sale or lease of MUSC facilities to Columbia/HCA shall not occur unless the General Assembly by concurrent resolution approves the sale or lease of these assets.
Be it further resolved that a copy of this resolution be forwarded to
the members of the Board of Trustees of the Medical University of South Carolina, the members of the State Budget and Control Board, and the members of the Joint Bond Review Committee.