Section 129330 Of Article 9. Rural Hospital Grant Program From California Health And Safety Code >> Division 107. >> Part 6. >> Chapter 1. >> Article 9.
129330
. In each even-numbered year, the office shall contract for
an actuarial study to determine the reserve sufficiency of funds in
the Health Facility Construction Loan Insurance Fund. The study shall
examine the portfolio of existing insured loans and shall estimate
the amount of reserve funds that the office should reasonably have
available to be able to respond adequately to potential foreseeable
risks, including extraordinary administrative expenses and actual
defaults. Actuarial study contracts shall be exempt from Section
10373 of the Public Contract Code and shall be considered sole-source
contracts.