California § 15437. 15437. (Amended by Stats. 2025, Ch. 377, Sec. 3.)

California Statutes

§ 15437. — 15437. (Amended by Stats. 2025, Ch. 377, Sec. 3.)

California § 15437.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.3.

Title 2.DIVISION 3. EXECUTIVE DEPARTMENT

Part 7.2.PART 7.2. HEALTH FACILITIES FINANCING AUTHORITY ACT

This text of California § 15437. (15437. (Amended by Stats. 2025, Ch. 377, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 15437. (2026).

Text

(a)The provisions of this part shall be administered by the authority, which shall have and is hereby vested with all powers reasonably necessary to carry out the powers and responsibilities expressly granted or imposed under this part.

(b)The authority shall establish financial eligibility standards by studying the creditworthiness and earning capacity of each project, together with the amount of pledged revenues, debt service coverage, and basic security.

(c)The authority shall establish financial eligibility standards for working capital loans by studying the creditworthiness of a participating health institution, together with the amount of pledged revenues, debt service coverage, and basic security. A participating health institution that is determined by the authority to be

Free access — add to your briefcase to read the full text and ask questions with AI

(a)
The provisions of this part shall be administered by the authority, which shall have and is hereby vested with all powers reasonably necessary to carry out the powers and responsibilities expressly granted or imposed under this part.
(b)
The authority shall establish financial eligibility standards by studying the creditworthiness and earning capacity of each project, together with the amount of pledged revenues, debt service coverage, and basic security.
(c)
The authority shall establish financial eligibility standards for working capital loans by studying the creditworthiness of a participating health institution,
together with the amount of pledged revenues, debt service coverage, and basic security. A participating health institution that is determined by the authority to be in financial distress shall not be deemed financially eligible.

Legislative History

Amended by Stats. 2025, Ch. 377, Sec. 3. (AB 627) Effective January 1, 2026.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

California § 15437., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/15437..