Section 146.62. Rural hospital loan program.

Latest version.

(1) Definition. In this section:

(a) “Hospital" has the meaning given under s. 50.33 (2) .

(b) “Rural" means outside a metropolitan statistical area, as specified under 42 CFR 412.62 (f) (ii) (A).

(4) Departmental duties. The department shall negotiate with each recipient of a loan made under s. 146.62 (2) and (3) , 1989 stats., the schedule of repayments and collect the loan repayments as they are due. Loan repayments shall be deposited in the general fund. Except as provided in sub. (5) , repayment for each loan shall begin no later than 12 months after the project funded under the loan begins operation.

(5) Loan forgiveness. If a rural hospital that receives a loan under s. 146.62 (2) and (3) , 1989 stats., is unable to undertake the proposed project, the rural hospital may submit to the department a final report concerning the feasibility of loan repayment. The department shall review the report and may forgive all or part of the loan.

1989 a. 31 ; 1991 a. 39 ; 1993 a. 16 ; 2011 a. 258 .

                    
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