California Assembly Bill 2098
Session 20232024
California Health Facilities Financing Authority Act: nondesignated hospitals: loan repayment.
Active
Vetoed by Governor on Sep 28, 2024
Origin Chamber
Assembly
Type
Bill
Bill Number
2098
State
California
Session
20232024
Motion Text
AB 2098 Garcia Concurrence in Senate Amendments
Assembly Roll Call Votes
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Summary
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 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.
02/05/24 - Introduced
February 5, 2024
03/21/24 - Amended Assembly
March 21, 2024
08/15/24 - Amended Senate
August 15, 2024
09/05/24 - Enrolled
September 5, 2024
04/12/24- Assembly Health
April 12, 2024
04/30/24- Assembly Appropriations
April 30, 2024
05/08/24- ASSEMBLY FLOOR ANALYSIS
May 8, 2024
06/24/24- Senate Health
June 24, 2024
08/02/24- Senate Appropriations
August 2, 2024
08/15/24- Senate Appropriations
August 15, 2024
08/19/24- Sen. Floor Analyses
August 19, 2024
08/30/24- ASSEMBLY FLOOR ANALYSIS
August 30, 2024
10/10/24- ASSEMBLY FLOOR ANALYSIS
October 10, 2024
Sort by most recent
09/28/2024
Assembly
Vetoed by Governor.
09/12/2024
California State Legislature
Enrolled and presented to the Governor at 4 p.m.
08/31/2024
Assembly
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0.).
08/30/2024
Assembly
In Assembly. Concurrence in Senate amendments pending.
08/30/2024
Senate
Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.).
08/26/2024
Senate
Ordered to special consent calendar.
08/19/2024
Senate
Read second time. Ordered to third reading.
08/15/2024
Senate
Read second time and amended. Ordered returned to second reading.
08/15/2024
Senate
From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (August 15).
08/05/2024
Senate
In committee: Referred to APPR suspense file.
06/26/2024
Senate
From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (June 26). Re-referred to Com. on APPR.
06/05/2024
Senate
Referred to Com. on HEALTH.
05/24/2024
Senate
In Senate. Read first time. To Com. on RLS. for assignment.
05/23/2024
Assembly
Read third time. Passed. Ordered to the Senate. (Ayes 72. Noes 0. Page 5646.)
05/06/2024
Assembly
Ordered to third reading.
05/06/2024
Assembly
From Consent Calendar.
05/02/2024
Assembly
Read second time. Ordered to Consent Calendar.
05/01/2024
Assembly
From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (May 1).
04/17/2024
Assembly
From committee: Do pass and re-refer to Com. on APPR. (Ayes 16. Noes 0.) (April 16). Re-referred to Com. on APPR.
04/01/2024
Assembly
Re-referred to Com. on HEALTH.
03/21/2024
Assembly
From committee chair, with author's amendments: Amend, and re-refer to Com. on HEALTH. Read second time and amended.
03/21/2024
Assembly
Referred to Coms. on HEALTH and BUDGET.
02/06/2024
Assembly
From printer. May be heard in committee March 7.
02/05/2024
Assembly
Read first time. To print.
Sources
Record Created
Feb 6, 2024 12:17:40 PM
Record Updated
Oct 11, 2024 12:29:23 PM