SECTIONS 129220-129221 - California Statutes

HEALTH AND SAFETY CODE

SECTION 129220-129221

129220. The office shall establish an Advisory Loan Insurance
Committee which shall be comprised of nine members, eight of whom
shall be appointed by the director of the office. Of the nine
members, seven shall be appointed from outside state government and
two shall be appointed from inside state government. The Director of
Finance shall appoint one of the members chosen from inside state
government. The members of the committee shall be qualified in the
field of financial analysis, management, operations, or construction,
improvement, or expansion of health facilities. Those members
appointed from outside state government shall be reimbursed one
hundred dollars ($100) for each day spent in the performance of
official duties. All members shall be reimbursed for reasonable and
necessary expenses.

129221. The duties of the committee shall include, but not be
limited to, the following:
(a) The committee shall assist the director of the office in
formulating policy concerning financial analysis, management,
operation, or construction, improvement, or expansion of health
facilities, and shall, at the request of the director of the office,
provide overall policy advice, guidance, and recommendations. The
committee shall also provide the office with advice and comment on
the state plan prepared pursuant to Section 129020.
(b) The committee shall also review and analyze the feasibility,
level of financial risk, and community benefit assessments made by
the office on applications submitted for approval. The committee
shall recommend to the director whether an application should be
approved and whether any conditions should be attached to that
approval. Loans that are currently insured by the office and
subsequently are refinanced to obtain a lower interest rate or
emergency working capital loans insured pursuant to Section 129091
shall not require the review of the committee.