California Health Facilities Financing Authority Act provides financing tools for nonprofit health institutions.

The California Health Facilities Financing Authority Act authorizes the California Health Facilities Financing Authority to make loans from the California Health Facilities Financing Authority Fund to participating health institutions for financing or refinancing the acquisition, construction, or remodeling of health facilities. The bill would also require the authority to establish financial eligibility standards for working capital loans by studying the creditworthiness of a participating health institution, together with the amount of pledged revenues, debt service coverage, and basic.

California Health Facilities Financing Authority Act provides financing tools for nonprofit health institutions.

The California Health Facilities Financing Authority Act authorizes the California Health Facilities Financing Authority to make loans from the California Health Facilities Financing Authority Fund to participating health institutions for financing or refinancing the acquisition, construction, or remodeling of health facilities. The bill would also require the authority to establish financial eligibility standards for working capital loans by studying the creditworthiness of a participating health institution, together with the amount of pledged revenues, debt service coverage, and basic.