CA SB90

Amends Health and Safety Code Section 129160 to make the Health Facility Construction Loan Insurance Fund continuously appropriated from the General Fund and requires debenture interest rates to equal insured loan or bond rates with identical payment schedules.

Requires the State Treasurer to take appropriate steps to make debenture interest exempt from federal income taxation to the extent the insured loan or bond interest is exempt under Internal Revenue Code Section 103.

Extends the deadline for lead agencies to approve projects certified by the Governor under the Jobs and Economic Improvement Through Environmental Leadership Act from January 1, 2016 to January 1, 2017.

Specifies that no reimbursement is required for state-mandated local programs because local agencies and school districts have authority to levy service charges, fees, or assessments to cover costs mandated by this act.

Takes effect immediately as a budget-related appropriation bill with an appropriation to the General Fund.