PART 7.2. HEALTH FACILITIES FINANCING AUTHORITY ACT

Heading of Part 7.2 amended by Stats. 1985, Ch. 349, Sec. 1.

§§ 15430–15463 · 42 sections

§ 15430 This part shall be known and may be cited as the California Health Facilities Financing Authority Act.
§ 15431 The California Health Facilities Authority is continued in state government as the California Health Facilities Financing Authority. The authority constitutes…
§ 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…
§ 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…
§ 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 serve at the…
§ 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 custodian…
§ 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 by the…
§ 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 out…
§ 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)…
§ 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 long as, or greater…
§ 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), only to…
§ 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…
§ 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…
§ 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…
§ 15439 (a) The California Health Facilities Authority Fund is continued in existence in the State Treasury as the California Health Facilities Financing Authority…
§ 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, and no…
§ 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 this part. (b)…
§ 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 by and between…
§ 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 with…
§ 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 political subdivision thereof…
§ 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 any…
§ 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 funds to be…
§ 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 or issue…
§ 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…
§ 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 kind by the…
§ 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 may enter into…
§ 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 or to…
§ 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,…
§ 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 outstanding…
§ 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 as…
§ 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, the…
§ 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 chapter…
§ 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, if…
§ 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,…
§ 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…
§ 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…
§ 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…
§ 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…
§ 15460 The State Department of Health Services, in establishing reimbursement for services rendered under the Medi-Cal program by facilities financed under this part,…
§ 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…
§ 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…
§ 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…