HFCLIF

(redirected from Health Facility Construction Loan Insurance Fund)
AcronymDefinition
HFCLIFHealth Facility Construction Loan Insurance Fund (California)
References in periodicals archive ?
If defaults on loans deplete the reserve balance in the health facility construction loan insurance fund (HFCLIF), the state's treasurer is required to issue debentures on parity with the state's GO bonds.
In addition, 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.
If defaults on loans cause a depletion of reserve in the health facility construction loan insurance fund (HFCLIF), the state's treasurer is required to issue debentures on parity with the state's general obligation (GO) bonds.
625 billion in outstanding loans covering 139 facilities, backed by $193 million held in the Health Facility Construction Loan Insurance Fund (the fund).
The law provides that if a facility with an OSHPD insured loan defaults on its mortgage or bond payments, OSHPD will pay the debt from the Health Facility Construction Loan Insurance Fund.
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