AB 2098

  • California Assembly Bill
  • 2023-2024 Regular Session
  • Introduced in Assembly
  • Passed Assembly May 23, 2024
  • Senate
  • Governor

California Health Facilities Financing Authority Act: nondesignated hospitals: loan repayment.

Abstract

Under existing law, the California Health Facilities Financing Authority Act (act) authorizes the California Health Facilities Financing Authority to, among other things, make loans from the continuously appropriated California Health Facilities Financing Authority Fund to participating health institutions, as defined, for financing or refinancing the acquisition, construction, or remodeling of health facilities. Under the act, the authority is authorized to issue revenue bonds to provide the funds for achieving these purposes. Existing law appropriates $40,000,000 to provide cashflow loans to nondesignated public hospitals, as needed, due to the financial impacts of the COVID-19 public health emergency. Existing law requires the nondesignated public hospitals participating in this loan program to repay and discharge the loan within 24 months of the date of the loan. This bill would extend the repayment requirements for nondesignated public hospitals participating in the loan program, by requiring those hospitals to begin monthly repayments on the loan 24 months after the date of the loan, and discharge the loan within 72 months of the date of the loan, as prescribed. The bill would require the monthly payments to be amortized over the term of the loan, at 0% interest. By removing restrictions limiting the expenditure of moneys appropriated for purposes of these loans, the bill would make an appropriation.

Bill Sponsors (3)

Votes


Actions


May 24, 2024

Senate

In Senate. Read first time. To Com. on RLS. for assignment.

May 23, 2024

Assembly

Read third time. Passed. Ordered to the Senate. (Ayes 72. Noes 0.)

May 06, 2024

Assembly

Ordered to third reading.

Assembly

From Consent Calendar.

May 02, 2024

Assembly

Read second time. Ordered to Consent Calendar.

May 01, 2024

Assembly

From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (May 1).

Apr 17, 2024

Assembly

From committee: Do pass and re-refer to Com. on APPR. (Ayes 16. Noes 0.) (April 16). Re-referred to Com. on APPR.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on APPR.

Apr 01, 2024

Assembly

Re-referred to Com. on HEALTH.

  • Referral-Committee
Com. on HEALTH.

Mar 21, 2024

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on HEALTH. Read second time and amended.

Assembly

Referred to Coms. on HEALTH and BUDGET.

  • Referral-Committee
Coms. on HEALTH and BUDGET.

Feb 06, 2024

Assembly

From printer. May be heard in committee March 7.

Feb 05, 2024

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB2098 HTML
02/05/24 - Introduced PDF
03/21/24 - Amended Assembly PDF

Related Documents

Document Format
04/12/24- Assembly Health PDF
04/30/24- Assembly Appropriations PDF
05/08/24- ASSEMBLY FLOOR ANALYSIS PDF

Sources

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