AB-448
Health & Public Health

California Health Facilities Financing Authority Act: nondesignated hospitals: loan repayment.

Introduced
CA
2025-2026 Regular Session
0
0
Track

Key Takeaways

  • Extends COVID-19 loan repayment deadlines from 24 to 60 months for eligible public hospitals.
  • Requires hospitals to begin monthly repayments 36 months after receiving their loans.
  • Eliminates interest payments and prepayment penalties on hospital loan repayments.
  • Provides financial relief to public hospitals still recovering from pandemic-related costs.

Summary

Assembly Member Patel's legislation modifies loan repayment terms for nondesignated public hospitals that received emergency funding during the COVID-19 pandemic through the California Health Facilities Financing Authority. The measure extends the current 24-month repayment window, allowing hospitals to begin monthly payments 36 months after receiving their loans and complete repayment within 60 months of the loan date.

Under the revised terms, participating hospitals that obtained loan approval and entered security agreements with the Authority would make amortized monthly payments at zero percent interest over the extended period. The bill maintains hospitals' ability to repay loans early without penalties while preserving other existing requirements of the loan program established in the 2022 Budget Act. This modification applies specifically to facilities that the Authority determined were unable to meet the original repayment timeline.

The measure requires a two-thirds legislative vote and includes an appropriation by removing restrictions on expenditure of previously allocated funds. While the bill focuses narrowly on repayment schedules for qualifying facilities, it maintains the Authority's broader lending capabilities and oversight responsibilities established under current law.

Key Dates

Next Step
Referred to the Assembly Standing Committee on Appropriations
Next Step
Assembly Committee
Referred to the Assembly Standing Committee on Appropriations
Hearing has not been scheduled yet
Assembly Health Hearing
Assembly Committee
Assembly Health Hearing
Do pass and be re-referred to the Committee on [Appropriations]
Introduced
Assembly Floor
Introduced
Read first time. To print.

Contacts

Profile
Brian JonesR
Senator
Bill Author
Not Contacted
Not Contacted
Profile
Joaquin ArambulaD
Assemblymember
Committee Member
Not Contacted
Not Contacted
Profile
Buffy WicksD
Assemblymember
Committee Member
Not Contacted
Not Contacted
Profile
Lisa CalderonD
Assemblymember
Committee Member
Not Contacted
Not Contacted
Profile
Akilah Weber PiersonD
Senator
Bill Author
Not Contacted
Not Contacted
0 of 20 row(s) selected.
Page 1 of 4
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Profile
Brian JonesR
Senator
Bill Author
Profile
Joaquin ArambulaD
Assemblymember
Committee Member
Profile
Buffy WicksD
Assemblymember
Committee Member
Profile
Lisa CalderonD
Assemblymember
Committee Member
Profile
Akilah Weber PiersonD
Senator
Bill Author
Profile
Mike FongD
Assemblymember
Committee Member
Profile
Diane DixonR
Assemblymember
Committee Member
Profile
Gregg HartD
Assemblymember
Committee Member
Profile
Blanca PachecoD
Assemblymember
Committee Member
Profile
Gail PellerinD
Assemblymember
Committee Member
Profile
Kate SanchezR
Assemblymember
Committee Member
Profile
Tri TaR
Assemblymember
Committee Member
Profile
Steve PadillaD
Senator
Bill Author
Profile
Jessica CalozaD
Assemblymember
Committee Member
Profile
Jeff GonzalezR
Assemblymember
Bill Author
Profile
Mark GonzalezD
Assemblymember
Committee Member
Profile
Heather HadwickR
Assemblymember
Committee Member
Profile
Darshana PatelD
Assemblymember
Bill Author
Profile
Jose SolacheD
Assemblymember
Committee Member
Profile
Sade ElhawaryD
Assemblymember
Committee Member

Get Involved

Act Now!

Email the authors or create an email template to send to all relevant legislators.

Introduced By

Darshana Patel
Darshana PatelD
California State Assembly Member
Co-Authors
Jeff Gonzalez
Jeff GonzalezR
California State Assembly Member
Brian Jones
Brian JonesR
California State Senator
Steve Padilla
Steve PadillaD
California State Senator
Akilah Weber Pierson
Akilah Weber PiersonD
California State Senator
10% progression
Bill has been formally introduced and read for the first time in its house of origin (2/6/2025)

Latest Voting History

April 29, 2025
PASS
Assembly Committee
Assembly Health Hearing
AyesNoesNVRTotalResult
160016PASS

Key Takeaways

  • Extends COVID-19 loan repayment deadlines from 24 to 60 months for eligible public hospitals.
  • Requires hospitals to begin monthly repayments 36 months after receiving their loans.
  • Eliminates interest payments and prepayment penalties on hospital loan repayments.
  • Provides financial relief to public hospitals still recovering from pandemic-related costs.

Get Involved

Act Now!

Email the authors or create an email template to send to all relevant legislators.

Introduced By

Darshana Patel
Darshana PatelD
California State Assembly Member
Co-Authors
Jeff Gonzalez
Jeff GonzalezR
California State Assembly Member
Brian Jones
Brian JonesR
California State Senator
Steve Padilla
Steve PadillaD
California State Senator
Akilah Weber Pierson
Akilah Weber PiersonD
California State Senator

Summary

Assembly Member Patel's legislation modifies loan repayment terms for nondesignated public hospitals that received emergency funding during the COVID-19 pandemic through the California Health Facilities Financing Authority. The measure extends the current 24-month repayment window, allowing hospitals to begin monthly payments 36 months after receiving their loans and complete repayment within 60 months of the loan date.

Under the revised terms, participating hospitals that obtained loan approval and entered security agreements with the Authority would make amortized monthly payments at zero percent interest over the extended period. The bill maintains hospitals' ability to repay loans early without penalties while preserving other existing requirements of the loan program established in the 2022 Budget Act. This modification applies specifically to facilities that the Authority determined were unable to meet the original repayment timeline.

The measure requires a two-thirds legislative vote and includes an appropriation by removing restrictions on expenditure of previously allocated funds. While the bill focuses narrowly on repayment schedules for qualifying facilities, it maintains the Authority's broader lending capabilities and oversight responsibilities established under current law.

10% progression
Bill has been formally introduced and read for the first time in its house of origin (2/6/2025)

Key Dates

Next Step
Referred to the Assembly Standing Committee on Appropriations
Next Step
Assembly Committee
Referred to the Assembly Standing Committee on Appropriations
Hearing has not been scheduled yet
Assembly Health Hearing
Assembly Committee
Assembly Health Hearing
Do pass and be re-referred to the Committee on [Appropriations]
Introduced
Assembly Floor
Introduced
Read first time. To print.

Latest Voting History

April 29, 2025
PASS
Assembly Committee
Assembly Health Hearing
AyesNoesNVRTotalResult
160016PASS

Contacts

Profile
Brian JonesR
Senator
Bill Author
Not Contacted
Not Contacted
Profile
Joaquin ArambulaD
Assemblymember
Committee Member
Not Contacted
Not Contacted
Profile
Buffy WicksD
Assemblymember
Committee Member
Not Contacted
Not Contacted
Profile
Lisa CalderonD
Assemblymember
Committee Member
Not Contacted
Not Contacted
Profile
Akilah Weber PiersonD
Senator
Bill Author
Not Contacted
Not Contacted
0 of 20 row(s) selected.
Page 1 of 4
Select All Legislators
Profile
Brian JonesR
Senator
Bill Author
Profile
Joaquin ArambulaD
Assemblymember
Committee Member
Profile
Buffy WicksD
Assemblymember
Committee Member
Profile
Lisa CalderonD
Assemblymember
Committee Member
Profile
Akilah Weber PiersonD
Senator
Bill Author
Profile
Mike FongD
Assemblymember
Committee Member
Profile
Diane DixonR
Assemblymember
Committee Member
Profile
Gregg HartD
Assemblymember
Committee Member
Profile
Blanca PachecoD
Assemblymember
Committee Member
Profile
Gail PellerinD
Assemblymember
Committee Member
Profile
Kate SanchezR
Assemblymember
Committee Member
Profile
Tri TaR
Assemblymember
Committee Member
Profile
Steve PadillaD
Senator
Bill Author
Profile
Jessica CalozaD
Assemblymember
Committee Member
Profile
Jeff GonzalezR
Assemblymember
Bill Author
Profile
Mark GonzalezD
Assemblymember
Committee Member
Profile
Heather HadwickR
Assemblymember
Committee Member
Profile
Darshana PatelD
Assemblymember
Bill Author
Profile
Jose SolacheD
Assemblymember
Committee Member
Profile
Sade ElhawaryD
Assemblymember
Committee Member