Statute · California Health and Safety Code
Cal. Health & Safety Code § 129210 — Health Facility Construction Loan Insurance Fund
Cal. Health & Safety Code § 129210
- Type
- Statute
- Source
- California Health and Safety Code
- Jurisdiction
- California
- Date
- 2021-07-27
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(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).
Citator
Cal. Health & Safety Code § 129210 — Health Facility Construction Loan Insurance Fund is in force in the current edition of the Code, and nothing recorded condemns it.
(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.