CARES Act update may extend loans to public hospital districts

Pending federal legislation to pump more money into the depleted loan program created to help small businesses weather the economic shock of the coronavirus will give public hospital districts a bite at the apple. Language in the bill to provide new funding for the Paycheck Protection Program, passed by the U.S. Senate Tuesday and slated to be approved by the House Thursday, should solve the eligibility problem for smaller hospitals that were created as political subdivisions.