§ 129210. — 129210. (Amended by Stats. 2021, Ch. 143, Sec. 269.)

California § 129210.

• Jurisdiction: 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

Text

(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.

Legislative History

Amended by Stats. 2021, Ch. 143, Sec. 269. (AB 133) Effective July 27, 2021.