Section 129090 Of Article 2. Insurable Loans And Applications Therefor From California Health And Safety Code >> Division 107. >> Part 6. >> Chapter 1. >> Article 2.
129090
. Pursuant to this chapter, political subdivisions and
nonprofit corporations may apply for state insurance of needed
construction, improvement, or expansion loans for construction,
remodeling, or acquisition of health facilities to be or already
owned, established, and operated by them as provided in this chapter.
Applications shall be submitted to the office by the nonprofit
corporation or political subdivision authorized to construct and
operate a health facility. Each application shall conform to the
requirements of the office, shall be submitted in the manner and form
prescribed by the office, and shall be accompanied by an application
fee of one-half of 1 percent of the amount of the loan applied for,
but in no case shall the application fee exceed five hundred dollars
($500). The fees shall be deposited by the office in the fund and
used to defray the office's expenditures in the administration of
this chapter.