California Statutes
§ 129210. — 129210. (Amended by Stats. 2021, Ch. 143, Sec. 269.)
California·Code HSC Health and Safety Code - HSC·Div. 107. DIVISION 107. HEALTH CARE ACCESS AND INFORMATION·Part 6. PART 6. FACILITIES LOAN INSURANCE AND FINANCING·Ch. 1. CHAPTER 1. Health Facility Construction Loan Insurance·Art. 5. ARTICLE 5. Health Facility Construction Loan Insurance Fund
(a)The department’s authorization to insure health facility construction, improvement, and expansion loans under this chapter shall be limited to a total of not more than three billion dollars ($3,000,000,000).
(b)Notwithstanding the limitation in subdivision (a), the department may exceed the specific dollar limitation in either of the following instances:
(1)Refinancing a preexisting loan, if the refinancing results in savings to the health facility and increases the probability that a loan can be repaid.
(2)The need for financing results from earthquakes or other natural disasters.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 129210. (129210. (Amended by Stats. 2021, Ch. 143, Sec. 269.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2021, Ch. 143, Sec. 269. (AB 133) Effective July 27, 2021.