§ 70.45.030. Department approval required -- Application -- Fees
(1) A person may not engage in the acquisition of a nonprofit hospital without first having applied for and received the approval of the department under this chapter.
(2) An application must be submitted to the department on forms provided by the department, and at a minimum must include: The name of the hospital being acquired, the name of the acquiring person or other parties to the acquisition, the acquisition price, a copy of the acquisition agreement, a financial and economic analysis and report from an independent expert or consultant of the effect of the acquisition under the criteria in RCW 70.45.070, and all other related documents. The applications and all related documents are considered public records for purposes of chapter 42.56 RCW.
(3) The department shall charge an applicant fees sufficient to cover the costs of implementing this chapter. The fees must include the cost of the attorney general's opinion under RCW 70.45.060. The department shall transfer this portion of the fee, upon receipt, to the attorney general.
[2005 c 274 § 335; 1997 c 332 § 3.]
Notes:
Part headings not law -- Effective date -- 2005 c 274: See RCW 42.56.901 and 42.56.902.
Sections: Previous 70.45.010 70.45.020 70.45.030 70.45.040 70.45.050 70.45.060 70.45.070 70.45.080 70.45.090 70.45.100 70.45.110 70.45.120 70.45.130 70.45.140 70.45.900 Next
Last modified: April 7, 2009