2009 California Health and Safety Code - Section 129350-129355 :: Article 10. Community Health Center Facilities Loan Insurance

129350.  This article shall be known and may be cited as the
Community Health Center Facilities Loan Insurance Law.

129355.  (a) "Community health center facilities," as used in this
article, means those licensed, nonprofit primary care clinics as
defined in paragraph (1) of subdivision (a) of Section 1204.
   (b) Notwithstanding subdivision (i) of Section 129050, any loan in
the amount of five million dollars ($5,000,000) or less for a
community health center facility pursuant to this chapter may be
insured up to 95 percent of the total construction cost.
   (c) Community health center facilities applying for any loan
insurance pursuant to this chapter, may use existing equity in
buildings, equipment, and donated assets, including, but not limited
to, land and receipts from expenses related to the capital outlay for
the project, notwithstanding the date of occurrence to meet the
equity requirements of this chapter. In determining the value of the
equity in any donated property, the office may use the original
purchase price or the current appraised value.
   (d) Any state plan referred to in Section 129020 developed by the
office shall include a chapter identifying any impediments that
preclude small facilities from utilizing the California Health
Facility Construction Loan Insurance Program. The state plan shall
also include specific programmatic remedies to enable small projects
to utilize the program if impediments are found.