California Statutes
§ 129330. — 129330. (Amended by Stats. 2021, Ch. 143, Sec. 274.)
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. 9. ARTICLE 9. Rural Hospital Grant Program
In each even-numbered year, the department shall contract for an actuarial study to determine the reserve sufficiency of funds in the Health Facility Construction Loan Insurance Fund. The study shall examine the portfolio of existing insured loans and shall estimate the amount of reserve funds that the department should reasonably have available to be able to respond adequately to potential foreseeable risks, including extraordinary administrative expenses and actual defaults. Actuarial study contracts shall be exempt from Section 10373 of the Public Contract Code and shall be considered sole-source contracts.
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California § 129330. (129330. (Amended by Stats. 2021, Ch. 143, Sec. 274.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2021, Ch. 143, Sec. 274. (AB 133) Effective July 27, 2021.