If the participating health institution cannot demonstrate that it meets the requirements of Sections 15459 and 15459.1, it may nonetheless be eligible for financing through the issuance of revenue bonds if it presents a plan that is satisfactory to the authority which details the reasonable steps and timetables that the borrower agrees to take to bring the facility into compliance with these sections.
Cal. Gov. Code § 15459.2
HEALTH FACILITIES FINANCING AUTHORITY ACT
Known as the California Health Facilities Financing Authority Act
The act spans §§ 15430–15463 (41 sections).
Amended by Stats. 2011, Ch. 330, Sec. 10
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.