Comments on: City releases details of proposed Memorial Health System lease http://csbj.com/2012/06/08/city-releases-details-of-memorial-health-system-lease/ Fri, 24 May 2013 15:39:01 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Ray Krueger http://csbj.com/2012/06/08/city-releases-details-of-memorial-health-system-lease/comment-page-1/#comment-67661 Ray Krueger Tue, 12 Jun 2012 15:09:26 +0000 http://csbj.com/?p=54977#comment-67661 “Colorado Springs isn’t required to create a health and wellness foundation, Bennett said. The hospital transfer act only requires money from a hospital transaction form a foundation when it’s a nonprofit sale or lease to a for-profit. Leasing to another nonprofit – as in this case – doesn’t place any obligation on the money”, Melcher said.

Of course I want that money obligated to a Health and Wellness Foundation, not treated like a tax dumped into the General Fund or its surrogate, the Fund Balance.

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