California Health and Safety Code

§ 129380

HSC § 129380 Effective May 15, 2023Div. 107 · Part 6 · Ch. 4

Statute text

(a)This program shall be known, and may be cited, as the Distressed Hospital Loan Program.

(b)The purpose of this program is to provide interest-free cashflow loans to not-for-profit hospitals and public hospitals in significant financial distress or to governmental entities representing a closed hospital, except as otherwise provided, to prevent the closure of, or facilitate the reopening of, those hospitals.

Legislative history

Added by Stats. 2023, Ch. 6, Sec. 3. (AB 112) Effective May 15, 2023. Repealed as of January 1, 2032, pursuant to Section 129387.