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Budget

Distressed Hospital Loan Program Budget Trailer Bill

Passed Support

Distressed Hospital Loan Program Budget Trailer Bill Details

The Legislature took early budget action on AB 112, which establishes a distressed hospital loan program substantially similar to AB 412. The trailer bill immediately appropriated $150 million to provide loans to distressed hospitals meeting specified criteria. The governor signed AB 112 on May 15. Subsequent budget action added an additional $150 million to the fund, for a total of $300 million. The Department of Health Care Access and Information announced close to $300 million in awards to 17 hospitals on Aug. 24.

Mark Farouk

Job title:
VP State Advocacy
Phone number:
916-552-7673

Robert Ducay

Job title:
VP Policy
Phone number:
916-552-7643