(a) When capital outlay funds are granted on property which is leased for a child day care facility, the term of the lease shall be as long as, or greater than, the term of the loan.
(b) Child day care facilities shall be insurable under the California Health Facility Construction Loan Insurance Law.
(Added by Stats. 1985, Ch. 829, Sec. 2. Effective September 19, 1985.)
Last modified: October 25, 2018