California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 2. GOVERNMENT OF THE STATE OF CALIFORNIA |
Division 3. EXECUTIVE DEPARTMENT |
Part 7.2. HEALTH FACILITIES FINANCING AUTHORITY ACT |
Section 15451.5.
Latest version.
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A participating health institution that is a private nonprofit corporation or association and that borrows money to finance working capital pursuant to this part, other than as part of the cost of a project, shall be required to repay and discharge the loan within 15 months of the loan date.
(Added by Stats. 1987, Ch. 1426, Sec. 7. Effective September 30, 1987.)