AB 448: California Health Facilities Financing Authority Act: nondesignated hospitals: loan repayment.

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

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 that had received a loan approval from, and entered into a loan and security agreement with, the authority by requiring those hospitals to begin monthly repayments on the loan 32 months after the date of the loan, and discharge the loan within 60 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.

Sponsors

Sponsors by party (alphabetical): Democratic 3 · Republican 2

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. February 2, 2026From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2. January 31, 2026Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
3. April 30, 2025From committee: Do pass and re-refer to Com. on APPR. (Ayes 16. Noes 0.) (April 29). Re-referred to Com. on APPR.
4. April 24, 2025Re-referred to Com. on HEALTH. pursuant to Assembly Rule 96.
5. April 22, 2025Re-referred to Com. on HUM. S.
6. April 21, 2025From committee chair, with author's amendments: Amend, and re-refer to Com. on HUM. S. Read second time and amended.
7. March 11, 2025In committee: Hearing postponed by committee.
8. February 18, 2025Referred to Coms. on HUM. S. and JUD.
9. February 7, 2025From printer. May be heard in committee March 9.
10. February 6, 2025Read first time. To print.