California Code of Regulations › Title 4 - Business Regulations › Division 10 - California Health Facilities Financing Authority › Chapter 2 - The Children's Hospital Program of 2004 › Section 7031 - Eligible Children's Hospital

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Any
				Children's Hospital shall be eligible to apply for one or more Grants if the
				following conditions are met:
(1) The
				Children's Hospital or the California nonprofit corporation of which the
				Children's Hospital is an operating entity has a current, valid general acute
				care hospital license from the California Department of Public
				Health.
(2) The most Recent Audited
				Financial Statements of the Children's Hospital or the California nonprofit
				corporation of which the Children's Hospital is an operating entity do not
				contain any Going Concern Qualifications.
(3) The Children's Hospital has submitted to
				the Authority a completed Application Form.
(4) The Authority, at its discretion,
				confirms with OSHPD that the Non University of California Children's Hospital
				or the California nonprofit corporation of which the Children's Hospital is an
				operating entity has submitted to OSHPD its Annual Disclosure Report for the
				fiscal year ending between June 30, 2001 and June 29, 2002, on or before July
				1, 2003.
(5) If the Children's
				Hospital proposes to use Grant funds for a Project other than equipment
				acquisition on certain property, the Children's Hospital shall provide evidence
				that either:
(A) The Children's Hospital or
				the California nonprofit corporation of which the Children's Hospital is an
				operating entity owns the property.
(B) The Children's Hospital or the California
				nonprofit corporation of which the Children's Hospital is an operating entity
				is a lessee under a lease agreement that satisfies Section
				7047.
(6) If the Children's Hospital proposes to
				use Grant funds for a Project that includes architect, design, and/or
				engineering fees, the Children's Hospital shall provide the Authority with
				reasonable assurance, at the Authority's discretion, that any of these fees are
				components of a larger Project that will ultimately benefit the health and
				welfare of California's sick and/or injured children. The Authority shall rely
				on timelines associated with the entire Project to assess whether or not the
				Project will benefit pediatric patients.
(7) If the Children's Hospital proposes to
				use Grant funds for the acquisition of real property, the Children's Hospital
				shall provide a valid, current, enforceable contingent purchase and sale
				agreement or option agreement between the Children's Hospital or the California
				nonprofit corporation of which the Children's Hospital is an operating entity
				and the owner of the subject property, including evidence that all extensions
				necessary to keep the agreement current through the Final Allocation have been
				executed, if applicable. In addition, the Children's Hospital shall provide the
				Authority with reasonable assurance that the acquisition is a component of a
				larger Project that will ultimately benefit the health and welfare of
				California's sick and/or injured children, such as the construction of a new
				facility to benefit pediatric patients.