California Government Code PART 7.2 - HEALTH FACILITIES FINANCING AUTHORITY ACT

• Section 15430.
  This part shall be known and may be cited as the California Health Facilities Financing Authority Act.(Amended by Stats. 1987, Ch. 1426, Sec. 1. Effective...
• Section 15431.
  The California Health Facilities Authority is continued in state government as the California Health Facilities Financing Authority. The authority constitutes a public instrumentality, and the...
• Section 15432.
  As used in this part, the following words and terms shall have the following meanings, unless the context clearly indicates or requires another or different...
• Section 15433.
  The authority shall consist of nine members, including the State Treasurer, who shall serve as chairman, the State Controller, the Director of Finance, two members...
• Section 15434.
  The chairperson of the authority on its behalf shall appoint an executive director, who shall not be a member of the authority and who shall...
• Section 15435.
  The executive director or other person designated by resolution of the authority shall keep a record of the proceedings of the authority and shall be...
• Section 15436.
  Five members of the authority shall constitute a quorum. The affirmative vote of a majority of a quorum shall be necessary for any action taken...
• Section 15437.
  (a) The provisions of this part shall be administered by the authority, which shall have and is hereby vested with all powers reasonably necessary to carry...
• Section 15438.
  The authority may do any of the following:(a) Adopt bylaws for the regulation of its affairs and the conduct of its business.(b) Adopt an official seal.(c) Sue and...
• Section 15438.2.
  (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...
• Section 15438.5.
  (a) It is the intent of the Legislature in enacting this part to provide financing only, and, except as provided in subdivisions (b), (c), and (d),...
• Section 15438.6.
  (a) This section shall be known, and may be cited, as the Cedillo-Alarcon Community Clinic Investment Act of 2000.(b) The Legislature finds and declares all of the...
• Section 15438.7.
  (a) The Legislature finds and declares all of the following:(1) There are small health care facilities throughout the state that are in critical need of capital improvements...
• Section 15438.10.
  (a) The Legislature finds and declares the following:(1) Many Californians face serious obstacles in obtaining needed health care services, including, but not limited to, medical, mental health,...
• Section 15438.11.
  (a) This section shall be known, and may be cited, as the Clinic Lifeline Act of 2017.(b) The Legislature finds and declares all of the following:(1) Small and...
• Section 15439.
  (a) The California Health Facilities Authority Fund is continued in existence in the State Treasury as the California Health Facilities Financing Authority Fund. All money in...
• Section 15440.
  All expenses of the authority incurred in carrying out the provisions of this part shall be payable solely from funds provided pursuant to this part,...
• Section 15441.
  (a) The authority is authorized, from time to time, to issue its revenue bonds in order to provide funds for achieving any of its purposes under...
• Section 15442.
  In the discretion of the authority, any revenue bonds issued under the provisions of this part may be secured by a trust agreement or indenture...
• Section 15442.1.
  Any provision that the authority may include in a trust agreement, indenture, or resolution pursuant to this part may alternatively be included in a bond...
• Section 15443.
  Revenue bonds issued under the provisions of this part shall not be deemed to constitute a debt or liability of the state or of a...
• Section 15444.
  Any holder of revenue bonds issued under the provisions of this part or any of the coupons appertaining thereto, and the trustee or trustees under...
• Section 15445.
  All moneys received pursuant to this part, whether as proceeds from selling or incurring revenue bonds or as revenues, shall be deemed to be trust...
• Section 15446.
  (a) The authority may provide for the issuance of bonds of the authority for the purpose of redeeming, refunding, or retiring any bonds or any series...
• Section 15447.
  Bonds issued by the authority under the provisions of this part are hereby made securities in which all banks, bankers, savings banks, trust companies and...
• Section 15448.
  Any bonds issued under the provisions of this part, their transfer, and the income therefrom shall at all times be free from taxation of every...
• Section 15449.
  The State of California does pledge to and agree with the holders of the bonds issued pursuant to this part, and with those parties who...
• Section 15450.
  A pledge by or to the authority of revenues, moneys, accounts, accounts receivable, contract rights and other rights to payment of whatever kind made by...
• Section 15451.
  The authority shall fix, revise, charge and collect rents for the use of each project owned by the authority and contract with any person, partnership,...
• Section 15451.5.
  A participating health institution that is a private nonprofit corporation or association and that borrows money to finance working capital pursuant to this part, other...
• Section 15452.
  When the principal of and interest on bonds issued by the authority to finance the cost of a project or working capital or to refinance...
• Section 15455.
  (a) This part shall be deemed to provide a complete, additional, and alternative method for doing the things authorized by this part, and shall be regarded...
• Section 15456.
  To the extent that the provisions of this part are inconsistent with any other provisions of any general statute or special act or parts thereof,...
• Section 15457.
  Any net earnings of the authority beyond that necessary for retirement of any obligations issued by the authority or to implement the purposes of this...
• Section 15458.
  Upon dissolution of the authority, title to all property owned by the authority shall vest in the successor authority created by the Legislature, if any,...
• Section 15459.
  As a condition of the issuance of revenue bonds, whether by the authority or any local agency, to finance the construction, expansion, remodeling, renovation, furnishing,...
• Section 15459.1.
  As part of its assurance under Section 15459, the participating health institution shall agree to all of the following actions:(a) To advise each person seeking services...
• Section 15459.2.
  If the participating health institution cannot demonstrate that it meets the requirements of Sections 15459 and 15459.1, it may nonetheless be eligible for financing through...
• Section 15459.3.
  Each participating health institution shall make available to the authority and to the public upon request an annual report substantiating compliance with the requirements of...
• Section 15459.4.
  The remedies and sanctions available to the authority against the participating health institution for failure to adhere to the assurance given to the authority under...
• Section 15460.
  The State Department of Health Services, in establishing reimbursement for services rendered under the Medi-Cal program by facilities financed under this part, shall reflect those...
• Section 15462.
  Exclusively for the purpose of securing the financing of projects or working capital pursuant to this part through the issuance of revenue bonds, certificates of...
• Section 15462.5.
  Exclusively for the purpose of securing the financing of projects pursuant to this part or through the issuance of revenue bonds, certificates of participation, or...
• Section 15463.
  (a) For purposes of this section, the following definitions shall apply:(1) “No Place Like Home Program” has the same meaning as “program” as defined in Section 5849.2...

Last modified: October 22, 2018