AB 1923: Local ballot measures: County of Fresno.

The bill aims to expand the distressed hospital loan program to include any hospital, regardless of ownership type or system affiliation, that meets the criteria for significant financial distress. The program will consider impacts of federal and state policy changes on hospital reimbursement and health care coverage. Loan forgiveness will be provided to hospitals that have demonstrated good faith effort to comply with program requirements before January 1, 2026, and will become financially distressed due to loan repayments or other factors. The bill appropriates $300 million to the distressed hospital loan program fund to provide additional funding to hospitals in financial distress. The fund will be available for encumbrance or expenditure until December 31, 2034, and will be abolished on that date. The bill declares that it will take effect immediately as an urgency statute.