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CA AB448
Bill
Status
Failed
2/2/2026
Primary Sponsor
Darshana Patel
Click for details
AI Summary
- Extends the loan repayment period for nondesignated public hospitals that received COVID-19 cashflow loans from the California Health Facilities Financing Authority under the 2022 Budget Act
- Requires participating hospitals to begin monthly loan repayments 36 months after the loan date (extended from the original 24-month full repayment requirement) and fully discharge the loan within 60 months
- Monthly payments will be amortized over the loan term at 0% interest with no prepayment penalty
- Applies only to nondesignated public hospitals that already received loan approval and entered into security agreements with the authority, excluding hospitals affiliated with county health systems
- Makes an appropriation by removing restrictions on the original $40,000,000 allocated for these loans, requiring a two-thirds legislative vote for passage
Legislative Description
California Health Facilities Financing Authority Act: nondesignated hospitals: loan repayment.
Last Action
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2/2/2026
Committee Referrals
Appropriations4/30/2025
Health4/24/2025
Human Services2/18/2025
Full Bill Text
No bill text available