Bill > AB1923

This bill expands eligibility for California's Distressed Hospital Loan Program, which provides financial assistance to hospitals facing significant financial hardship, by removing restrictions based on hospital ownership type or affiliation with larger healthcare systems, allowing any hospital meeting the financial distress criteria to apply for loans. It also mandates that financial projections used to determine distress must account for the impact of federal and state policy changes, such as the "One Big Beautiful Bill Act," and modifies loan forgiveness criteria to include future financial performance projections and good faith compliance efforts for existing loan recipients. Furthermore, the bill appropriates an additional $300 million from the General Fund to the Distressed Hospital Loan Program Fund to provide more funding rounds, extends the program's operational timeline, and declares its urgency to take immediate effect to prevent further hospital closures and preserve access to healthcare.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1923