Bill Text: NJ S782 | 2012-2013 | Regular Session | Amended
Bill Title: Requires Commissioner of Health to review State hospital financial reporting requirements, report recommendations to Governor.*
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Passed) 2014-01-17 - Approved P.L.2013, c.195. [S782 Detail]
Download: New_Jersey-2012-S782-Amended.html
SENATE COMMITTEE SUBSTITUTE FOR
SENATE, No. 782
STATE OF NEW JERSEY
215th LEGISLATURE
ADOPTED MARCH 8, 2012
Sponsored by:
Senator LORETTA WEINBERG
District 37 (Bergen)
Senator SANDRA B. CUNNINGHAM
District 31 (Hudson)
Co-Sponsored by:
Senators Gordon, Greenstein, Stack and Vitale
SYNOPSIS
Requires Commissioner of Health to review State hospital financial reporting requirements, report recommendations to Governor.
CURRENT VERSION OF TEXT
As amended on January 13, 2014 by the General Assembly pursuant to the Governor's recommendations.
An Act concerning reporting of certain information by hospitals and supplementing Title 26 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1[1. This act shall be known and may be cited as the "New Jersey Hospital Disclosure and Public Resource Protection Act."] The Commissioner of Health shall undertake a review of New Jersey's hospital financial reporting requirements and shall report any findings and recommendations directly to the Governor no later than six months from the date of enactment of this act. Specifically, the Commissioner shall examine the impact of, and make recommendations on, the following areas for all entities receiving Health Care Subsidy Fund payments from the State: Internal Revenue Service filings, Securities and Exchange Commission filings, and audited financial statements.1
1[2. a. As a condition of receiving charity care payment distributions pursuant to P.L.1992, c.160 (C.26:2H-18.51 et al.), a general hospital licensed pursuant to P.L.1971, c.136 (C.26:2H-1 et seq.) shall, by November 30 of each year, file with the Department of Health and Senior Services, in a form and manner prescribed by the Commissioner of Health and Senior Services: (1) Internal Revenue Service Form 990 and all schedules and supporting documentation required to be submitted to the Internal Revenue Service in conjunction with Form 990 for the prior year; or (2) if the hospital does not file a Form 990 with the Internal Revenue Service, all governance, financial, and operating information that would otherwise be reported on Form 990 for the prior year, including the information that would be required to be submitted in the schedules and supporting documentation in conjunction with Form 990, to the extent that such information exists with respect to a for-profit hospital.
b. The information submitted to the department pursuant to subsection a. of this section shall be posted on the department's Internet web site.]1
1[3. The Commissioner of Health and Senior Services, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), shall adopt rules and regulations to effectuate the purposes of this act.]1
1[4.] 2.1 This act shall take effect immediately.
