O.C.G.A. 31-7-75.1 provides that the proceeds from the sale of local public hospitals which are sold to "for profit" hospital corporations be placed in an irrevocable interest-bearing account to be used exclusively to pay for indigent medical care. If the amount in the fund is less than $100,000, the principal may be used for indigent care. O.C.G.A. 31-7-75.1(b) supplies a formula for determining equitable division of proceeds of sales involving more than one political subdivision. Pursuant to O.C.G.A. 31-7-75.1(c), indigency is determined using the formula provided by O.C.G.A. 31-8-43 (Supp. 1986). O.C.G.A. 37-7-75.1(d) proscribes local law allowing proceeds to be used in any other manner.
