Provides that the total amount of outstanding indebtedness of the health care facilities authority, with respect to hospital projects, may not exceed 5.5 billion dollars at any time.

Requires the health care facilities authority to require participants in a hospital project to agree, as minimum conditions of financing, that the hospital must: (1) Provide a certain amount of charity care;

(2) Implement one or more programs to reduce the number and rate of emergency department visits for nonemergent health conditions; and

(3) Maintain a certain rate of facility readmissions.