Statute · California Health and Safety Code
Cal. Health & Safety Code § 129295 — Small Facility Loan Guarantee for Developmental Disability Programs
Cal. Health & Safety Code § 129295
- Type
- Statute
- Source
- California Health and Safety Code
- Jurisdiction
- California
- Date
- 2021-07-27
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The department may insure, pursuant to this article, loans to nonprofit borrowers that are not licensed to operate the facilities for which the loans are insured, provided that the borrower has entered into a long-term residency lease agreement with a service provider selected by the applicable…
Citator
Cal. Health & Safety Code § 129295 — Small Facility Loan Guarantee for Developmental Disability Programs is in force in the current edition of the Code, and nothing recorded condemns it.
The department may insure, pursuant to this article, loans to nonprofit borrowers that are not licensed to operate the facilities for which the loans are insured, provided that the borrower has entered into a long-term residency lease agreement with a service provider selected by the applicable regional center to operate that facility. The number of facilities for which loans are insured under this section shall not exceed 100 and the aggregate amount of loans insured under this section shall not exceed one hundred million dollars ($100,000,000).