California Health Facilities Financing Authority Act.

The California Health Facilities Financing Authority Act (act) authorizes the California Health Facilities Financing Authority (authority) to, among other things, make loans from the continuously appropriated California Health Facilities Financing Authority Fund (fund) to participating health institutions, as defined, for financing or refinancing the acquisition, construction, or remodeling of health facilities. Under the act, the authority is authorized to issue revenue bonds to provide the funds for achieving these purposes. This bill would, until January, 1, 2026, authorize the authority, consistent with the provisions of the act, to make a loan to a for-profit skilled nursing facility, if at least 70% of its patients at any given time are Medi-Cal beneficiaries, to fund emergency preparedness improvements of the skilled nursing facility's buildings. Because this bill would expand the purposes for which the continuously appropriated fund may be used, it would make an appropriation. The bill would require the authority to make data available to the Legislature regarding the number of loans granted, projects completed, and other benefits provided to patients pursuant to this temporary authorization.