Section 129210 - Authority to insure loans(a) The department's authorization to insure health facility construction, improvement, and expansion loans under this chapter shall be limited to a total of not more than three billion dollars ($3,000,000,000).(b) Notwithstanding the limitation in subdivision (a), the department may exceed the specific dollar limitation in either of the following instances: (1) Refinancing a preexisting loan, if the refinancing results in savings to the health facility and increases the probability that a loan can be repaid.(2) The need for financing results from earthquakes or other natural disasters.Ca. Health and Saf. Code § 129210
Amended by Stats 2021 ch 143 (AB 133),s 269, eff. 7/27/2021.EFFECTIVE 1/1/2000. Amended October 10, 1999 (Bill Number: AB 282) (Chapter 848).