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Cal. Health & Safety Code § 129380

Distressed Hospital Loan Program

Added by Stats. 2023, Ch. 6, Sec. 3

(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.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.