Cal. Health & Safety Code § 129380
Distressed Hospital Loan Program
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2023
As of January 1, 2011
As used in this chapter, the terms defined in this article have the meanings set forth in this article.
(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.