To amend section 44-7-170(b) of the 1976 code, relating to institutions and transactions exempt from the state certification of need and health facility licensure act, to exempt the establishment of a subspecialty perinatal center with a neonatal intensive care unit (level iii) within a licensed hospital; and to amend section 44-7-260 of the 1976 code, relating to requirements for licensure, to allow a hospital licensed as a level ii special care nursery to establish a subspecialty perinatal center with neonatal intensive care unit (level iii) upon demonstrating compliance with specified guidelines for perinatal care, and to provide that a level iii unit may perform a neonatal transport.