CA AB112

Creates the Distressed Hospital Loan Program until January 1, 2032, to provide interest-free cashflow loans to not-for-profit and public hospitals in significant financial distress, or to governmental entities representing closed hospitals, to prevent closures or facilitate reopenings.

Establishes the Distressed Hospital Loan Program Fund, a continuously appropriated fund, and authorizes the Department of Finance to transfer up to $150,000,000 from the General Fund between fiscal years 2022-23 and 2023-24 to implement the program.

Requires the Department of Health Care Access and Information to administer the program in collaboration with other state departments and develop a methodology to evaluate hospitals' eligibility based on financial distress, rural status, Medicaid patient share, and impact on regional access.

Mandates loans be repaid within 72 months beginning after 18 months, with repayment secured by Medi-Cal reimbursements (limited to 20 percent withholding), and authorizes loan forgiveness or modification of terms subject to Department of Finance approval.

Modifies hospital data reporting requirements to include commercial coverage payers in revenue data and requires submission of quarterly balance sheets detailing assets, liabilities, and net worth.