Section 129380 - [Effective until 1/1/2032] Distressed Hospital Loan Program(a) This program shall be known, and may be cited, as the Distressed Hospital Loan Program.(b) The purpose of this program is to provide interest-free cashflow loans to not-for-profit hospitals and public hospitals in significant financial distress or to governmental entities representing a closed hospital, except as otherwise provided, to prevent the closure of, or facilitate the reopening of, those hospitals.Ca. Health and Saf. Code § 129380
Added by Stats 2023 ch 6 (AB 112),s 3, eff. 5/15/2023.