CA AB627

Removes the 2-year cap on interest that can be included in working capital loans made by the California Health Facilities Financing Authority to participating health institutions

Eliminates the requirement that private nonprofit health institutions repay working capital loans within 24 months of the loan date

Requires the Authority to establish separate financial eligibility standards for working capital loans by evaluating the creditworthiness, pledged revenues, debt service coverage, and basic security of participating health institutions

Prohibits health institutions determined to be in "financial distress" from qualifying as financially eligible for working capital loans

Makes an appropriation from the continuously appropriated California Health Facilities Financing Authority Fund due to the expanded loan purposes