Three Rivers Health Authority Asset Sale Question (November 2011)
This measure was approved
- YES 1,160 (84.55%)
- NO 212 (15.45%)
This measure sought to allow the sale of the assets of the Three Rivers Health Authority to the Three Rivers Health System, Inc. The Health authority had attempted to get a tax increase approved by voters in 2009, but the measure was defeated by residents. The president of the authority thought allowing them to become a nonprofit, tax-exempt 501(c)(3) corporation was the best way for them to remain as a viable option. Since this measure was approved, the authority will be able to receive a bond in the amount of $2 million to pay off previous bonds.
Text of measure
The question on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|Shall the Three Rivers Health Authority be authorized to sell, lease and/or transfer all of the assets of Three Rivers Health Authority to Three Rivers Health System, Inc., a Michigan nonprofit corporation, pursuant to the terms of a proposed Transfer Agreement and Act 47 of the Public Acts of Michigan, 1945?|