California Health and Safety Code

§ 129295

HSC § 129295 Effective Jul 27, 2021Div. 107 · Part 6 · Ch. 1 · Art. 7

Statute text

The department may insure, pursuant to this article, loans to nonprofit borrowers that are not licensed to operate the facilities for which the loans are insured, provided that the borrower has entered into a long-term residency lease agreement with a service provider selected by the applicable regional center to operate that facility. The number of facilities for which loans are insured under this section shall not exceed 100 and the aggregate amount of loans insured under this section shall not exceed one hundred million dollars ($100,000,000).

Legislative history

Amended by Stats. 2021, Ch. 143, Sec. 273. (AB 133) Effective July 27, 2021.