Arizona Laws 11-1404. Evaluation of expressions of interest
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A. The board of supervisors shall evaluate expressions of interest that are received and may award the operating agreement to a nonprofit corporation that is best qualified to perform the requirements of this chapter, except that the board of supervisors may agree to waive any organizational requirements prescribed by section 11-1405 for an existing nonprofit corporation that is otherwise qualified and that agrees to perform under and comply with the remaining provisions of this chapter.
Terms Used In Arizona Laws 11-1404
- agreement: means an agreement between the sponsoring county and a nonprofit corporation under this chapter for the corporation to assume the health care responsibilities previously performed by the county, including all arrangements and understandings, including a lease agreement, between the county and corporation. See Arizona Laws 11-1401
- board: means the board of directors of a nonprofit corporation that operates a community health system pursuant to this chapter. See Arizona Laws 11-1401
- Board of supervisors: means the board of supervisors of the sponsoring county. See Arizona Laws 11-1401
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- corporation: means a nonprofit corporation that is organized under title 10 and that is qualified or will qualify under section 501(c)(3) of the internal revenue code. See Arizona Laws 11-1401
B. If no qualified existing nonprofit corporation expresses an interest in entering into an operating agreement under this chapter, the board of supervisors may enter into an operating agreement under this chapter with a newly formed nonprofit corporation.