In the event the borrower cannot demonstrate that it meets the requirement of Section 129055, it may nonetheless be eligible for a loan under this chapter if it presents a plan that is satisfactory to the department that details the reasonable steps and timetables that the borrower agrees to take to bring the facility into compliance with Section 129055.
Cal. Health & Safety Code § 129070
Insurable Loans and Applications Therefor
Known as the California Health Facility Construction Loan Insurance Law
The act spans §§ 129000 to 129335 (61 sections).
Amended by Stats. 2021, Ch. 143, Sec. 238
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.