Health care districts: John C. Fremont Health Care District.

Existing law, the Local Health Care District Law, provides for the formation of local health care districts and specifies district powers. Existing law authorizes health care districts to enter into a secured line of credit with a commercial lender, as specified, and requires any money borrowed under this line of credit to be repaid within 5 years from each separate borrowing or draw. This bill would exempt from the above-described repayment requirement, the repayment of any money borrowed under a line of credit established on or after January 1, 2010, for the purpose of consolidating certain debts and that is to be repaid within 20 years from each separate borrowing or draw.