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History
- Substituted by A8188A
- Ordered to third reading cal.1397
- Committee discharged and committed to rules
- Referred to corporations, authorities and commissions
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Authorizes the dormitory authority to provide financing to the Primary Care Development Corporation for the construction of primary care facilities
Signed by Governor · Sponsor Vanessa Gibson
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5645
Title of bill
An act to amend the public authorities law, in relation to providing for financing by the dormitory authority of construction and equipping of primary care health facilities by the Primary Care Development Corporation
Purpose
To enable the Primary Care Development Corporation to apply for funding through the Dormitory Authority of the State of New York for the financing of capital improvements for the primary healthcare facilities of the State to meet the primary care expansion goals of federal and State healthcare reform initiatives in underserved communities throughout New York.
Read the full memo (707 words)
Summary of provisions
Section 1 amends paragraph (b) of subdivision 2 of section 1676 of the public authorities law by adding a new undesignated paragraph to allow the Primary Care Development Corporation to finance capital improvements for primary care health facilities through the Dormitory Authority.
Section 2. Amends subdivision 1 of section 1680 of the public authorities law by adding a new undesignated paragraph to allow the Primary Care Development Corporation to finance capital improvements for primary care health facilities through the Dormitory Authority.
Section 3. Provides any contracts entered into by the Dormitory Authority of the State of New York pursuant to this act shall be deemed to be within the meaning of such terms as set forth in article 15-a of the executive law for purposes of promoting minority and women-owned business enterprises.
Section 4. Provides an immediate effective date
Justification
Significant recent changes in the healthcare environment are expected to generate an expansion in the demand for primary care. The federal Affordable Care Act (ACA) calls for major expansion and transformation of primary care over the next four years to meet the expected demand resulting from the enrollment of 32 million additional individuals in health plans.
The Affordable Care Act contains numerous provisions that invest in primary care capacity, including federal funding to expand federally-qualified health centers (FQHCs). Expanding and transforming primary care is a priority for the Administration and the Legislature in order to reduce health care costs and improve health outcomes, particularly among Medicaid and public health insurance enrollees.
Yet with limited capital funding available, New York State faces the challenge of preserving existing primary care capacity and expanding capacity to meet the growing demand, particularly in safety-net
communities where healthcare facilities are in danger of closure. Medicaid Redesign Team Proposal 67 (adopted) calls for the use of HEAL capital funds and exploration of other capital/debt assistance to facilitate the restructuring of critical safety net hospitals, nursing homes and diagnostic and treatment centers (D&TCs). It is in New York's interest to preserve and expand primary care during facility restructurings or closures.
This bill would allow the Primary Care Development Corporation to use tax-exempt bond financing through the Dormitory Authority to accommodate these and other urgent critical needs related to expanding primary care capacity.
The Primary Care Development Corporation (PCDC) is a non-profit organization whose mission is to expand and improve primary care in underserved communities by providing capital access for acquisition, construction, improvements and equipment for primary healthcare providers in New York State. PCDC has facilitated the investment of $260 million in over 91 primary care capital projects which have added 630,000 square feet of space, created 2,300 permanent jobs and added capacity to serve 575,000 additional primary care patients. PCDC has never had a loan default.
PCDC is a national leader in primary care capital financing. The capital access program has received over $8 million in Community Development Financial Institutions (CDFI) grants and a $40 million allocation of New Markets Tax Credit for primary care expansion by the U.S. Department of the Treasury. PCDC has administered a $10 million statewide community health center capital grant program for the New York State Department of Health and serves as the administrator for underwriting and portfolio management services to the Health Resources and Services Administration (HRSA) federal loan guarantee program.
PCDC has provided $65 million of bond financing for New York City primary care providers through the Dormitory Authority under the State's Municipal Health Facility Improvement Program. This bill would allow PCDC to provide tax-exempt financing for primary care providers in both urban and rural underserved communities throughout New York State.
Legislative history
None.
Fiscal implications
None.
Effective date
Immediate.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.