§ 101860 Hospital Asset Transfer Requirements

Health and Safety Code·California

AI SummaryVerified

This law says that if a state agency gives a private company hospital stuff worth $50 million or more, that company has to follow the rules in this chapter.

Key Takeaways

•Applies to any state agency, even constitutional corporations.
•Triggers only when assets transferred are $50 million or more.
•The private company receiving the assets must follow the chapter’s provisions.

Example

The state health department gives a private firm a hospital building and equipment that together are worth $60 million so the firm can run the hospital.

Because the value is over $50 million, the private firm must obey all the rules set out in this chapter.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 101860 Hospital Asset Transfer Requirements

If any state agency, including a constitutional corporation, transfers to a private corporation assets for the operation of a hospital by that corporation and the value of the assets is not less than fifty million dollars ($50,000,000), the corporation shall be subject to the provisions of this chapter. (Added by Stats. 1997, Ch. 927, Sec. 2. Effective January 1, 1998.)

Last verified: January 11, 2026

Key Terms

state agency private corporation assets fifty million dollars ($50,000,000)hospital provisions of this chapter

References

Official text at leginfo.legislature.ca.gov
California Legislature. Health and Safety Code. Section 101860.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References