California Health Facilities Financing Authority Act.
The California Health Facilities Financing Authority Act authorizes the California Health Facilities Financing Authority to, among other things, make loans from the continuously appropriated California Health Facilities Financing Authority Fund to participating health institutions for financing or refinancing the acquisition, construction, or remodeling of health facilities. Under existing law, participating health institutions are specified entities authorized by state law to provide or operate a health facility and undertake the financing or refinancing of the construction or acquisition of a project or of working capital, as defined. Existing law defines "working capital" as moneys to be used by, or on behalf of, a participating health institution for specified expenses in connection with the ownership or operation of a health facility, including interest not to exceed 2 years on any loan for working capital made pursuant to these provisions. Existing law requires a participating health institution that is a private nonprofit corporation or association and that borrows money to finance working capital to repay and discharge the loan within 24 months of the loan date.
California AB 627 (20252026) — California Health Facilities Financing Authority Act.
The California Health Facilities Financing Authority Act authorizes the California Health Facilities Financing Authority to, among other things, make loans from the continuously appropriated California Health Facilities Financing Authority Fund to participating health institutions for financing or refinancing the acquisition, construction, or remodeling of health facilities. Under existing law, participating health institutions are specified entities authorized by state law to provide or operate a health facility and undertake the financing or refinancing of the construction or acquisition of a project or of working capital, as defined. Existing law defines "working capital" as moneys to be used by, or on behalf of, a participating health institution for specified expenses in connection with the ownership or operation of a health facility, including interest not to exceed 2 years on any loan for working capital made pursuant to these provisions. Existing law requires a participating health institution that is a private nonprofit corporation or association and that borrows money to finance working capital to repay and discharge the loan within 24 months of the loan date.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 627 Stefani Consent Calendar Second Day — 76–0 (pass) · lower
3rd Reading AB627 Stefani et al. By Richardson — 40–0 (pass) · upper
AB 627 Stefani Concurrence in Senate Amendments — 78–0 (pass) · lower
Do pass as amended, and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 15–0 (pass) · lower
Do pass. To Consent Calendar. — 15–0 (pass) · lower
Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 9–0 (pass) · upper
Sponsors
Stefani — primary (person)
Schiavo — coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2025-02-13 Read first time. To print. reading-1
2025-02-14 From printer. May be heard in committee March 16.
2025-02-24 Referred to Com. on HEALTH. referral-committee
2025-04-03 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 15. Noes 0.) (April 1). amendment-introduction, amendment-passage, committee-passage, referral-committee
2025-04-07 Read second time and amended. amendment-passage, reading-1, reading-2
2025-04-08 Re-referred to Com. on APPR. referral-committee
2025-04-23 From committee: Do pass. To Consent Calendar. (Ayes 15. Noes 0.) (April 23). committee-passage, committee-passage-favorable
2025-04-24 Read second time. Ordered to Consent Calendar. reading-1, reading-2
2025-05-01 Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 1387.) passage, reading-1, reading-3
2025-05-01 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2025-05-14 Referred to Com. on HEALTH. referral-committee
2025-06-12 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (June 11). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-06-30 From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. committee-passage, reading-2
2025-07-01 Read second time. Ordered to Consent Calendar. reading-1, reading-2
2025-07-03 From Consent Calendar.
2025-07-03 Ordered to third reading.
2025-07-03 Read third time and amended. Ordered to second reading. amendment-passage, reading-1, reading-3
2025-07-07 Read second time. Ordered to third reading. reading-1, reading-2
2025-09-02 Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 2390.). passage, reading-1, reading-3
2025-09-02 In Assembly. Concurrence in Senate amendments pending.
2025-09-04 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 2910.). amendment-passage, committee-passage-favorable
2025-09-11 Enrolled and presented to the Governor at 4 p.m.
2025-10-06 Approved by the Governor. executive-signature
2025-10-06 Chaptered by Secretary of State - Chapter 377, Statutes of 2025. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/8c4c13b1-dae9-4f5e-b496-d7e431d225fc. Confidence: reported (aggregated from official California legislature records).
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