Health care districts: transfers of assets.

Existing law authorizes a health care district to transfer, for the benefit of the communities served by the district, in the absence of adequate consideration, any part of the assets of the district to one or more nonprofit corporations to operate and maintain the assets. Existing law deems a transfer of 50% or more of the district's assets to be for the benefit of the communities served only upon the occurrence of specified conditions. This bill would include among the above-described conditions the inclusion within the transfer agreement of the appraised fair market value of any asset transferred to the nonprofit corporation, as specified. Existing law requires the board, by resolution, to submit a measure to the voters of the district for approval, prior to the transfer of 50% or more of the district's assets. This bill would require the resolution to include specified information.