HFCLIF

AcronymDefinition
HFCLIFHealth Facility Construction Loan Insurance Fund (California)
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References in periodicals archive ?
The state's treasurer is required to issue debentures on parity with the state's general obligation (GO) bonds if defaults on loans deplete the reserve balance in the health facility construction loan insurance fund (HFCLIF).
The bonds have access to the health facility construction loan insurance fund (HFCLIF), a special fund which receives fee and premium income, among other receipts, and is segregated from the state's general fund and unavailable for general fund cash flow purposes.
In the event of a default by an insured borrower, debt service reserves and the HFCLIF balance are available to bondholders.