Section 129210 Of Article 5. Health Facility Construction Loan Insurance Fund From California Health And Safety Code >> Division 107. >> Part 6. >> Chapter 1. >> Article 5.
129210
. (a) The office's authorization to insure health facility
construction, improvement, and expansion loans under this chapter
shall be limited to a total of not more than three billion dollars
($3,000,000,000).
(b) Notwithstanding the limitation in subdivision (a), the office
may exceed the specific dollar limitation in either of the following
instances:
(1) Refinancing a preexisting loan, if the refinancing results in
savings to the health facility and increases the probability that a
loan can be repaid.
(2) The need for financing results from earthquakes or other
natural disasters.