(1) Existing law establishes the Office of Statewide Health Planning and Development and sets forth its powers and duties, including, but not limited to, the administration of the California Health Facility Construction Loan Insurance Law for the purposes of insuring health facility construction loans. Existing law authorizes the office to make loans from the continuously appropriated Health Facility Construction Loan Insurance Fund to participating health facilities to finance or refinance the construction, improvement, or expansion of health facilities. Existing law requires that all debentures, as defined, issued under those provisions to any lender or bondholder be executed in the name of the fund as obligor, be signed by the Treasurer, and be negotiable. Existing law provides that in the event that the fund fails to pay the principal or interest on debentures issued, then the Treasurer is required to pay to the holders the amount entitled out of any money in the State Treasury not otherwise appropriated.
(1) Existing law establishes the Office of Statewide Health Planning and Development and sets forth its powers and duties, including, but not limited to, the administration of the California Health Facility Construction Loan Insurance Law for the purposes of insuring health facility construction loans. Existing law authorizes the office to make loans from the continuously appropriated Health Facility Construction Loan Insurance Fund to participating health facilities to finance or refinance the construction, improvement, or expansion of health facilities. Existing law requires that all debentures, as defined, issued under those provisions to any lender or bondholder be executed in the name of the fund as obligor, be signed by the Treasurer, and be negotiable. Existing law provides that in the event that the fund fails to pay the principal or interest on debentures issued, then the Treasurer is required to pay to the holders the amount entitled out of any money in the State Treasury not otherwise appropriated.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
2015-03-19 Read second time. Ordered to third reading. reading-2, reading-1
2015-03-23 Read third time. Passed. Ordered to the Senate. (Ayes 51. Noes 27. Page 642.) reading-3, passage, reading-1
2015-03-23 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2015-03-23 Referred to Com. on B. & F.R. referral-committee
2015-06-11 In committee: Hearing postponed by committee.
2015-06-16 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.R. referral-committee, reading-2, amendment-introduction, amendment-passage, reading-1
2015-06-18 From committee: Do pass. (Ayes 11. Noes 4.) (June 18). committee-passage-favorable, committee-passage
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