Legislative Session number- 83

Bill Name: SF1187

Authorizing and providing for the commissioner of human services to +establish
long term care family loan program pilot projects under medical +assistance (MA)
to help pay long term care costs for eligible persons, defining +eligible person
and eligible long term care costs; authorizing the commissioner to +establish
procedures determining the loan amounts, to contract with lenders and+ certain
guarantee agencies to carry out the purposes of the pilot projects, +to impose
loan insurance premium fees and to apply for federal funds; providing+ for
investment of funds not immediately needed by the commissioner; +requiring a
commissioner contract with a loan program administrator; authorizing +the sale
of notes and the procurement of surety obligations from financial +institutions;
classifying data on program applicants; specifying terms and +conditions of the
loans; requiring the commissioner to determine the rate of interest +on the
loans and to establish repayment procedures and an appeals process; +sunsetting
the program on a certain date, requiring a commissioner report on +the program
to the legislature; authorizing and providing for the commissioner to+ issue
revenue bonds to fund the program (ra)