CA SB1368

Authorizes the Office of Statewide Health Planning and Development to charge up to $6 per year per $1,000 of loan principal as an advance premium for health facility construction loans, with the advance being nonrefundable and credited against future premiums or retained to offset office costs.

Permits refinancing of up to 90% of prior health facility construction loans regardless of whether the original loan met eligibility requirements at the time it was made, expanding loan insurance purposes.

Removes obsolete references from the Access for Infants and Mothers Program and California Major Risk Medical Insurance Program provisions in the Insurance Code.

Makes appropriations to the Health Facility Construction Loan Insurance Fund by authorizing increased premium deposits and expanded refinancing purposes.