Home Table of Contents

§ 7045. Release of Funds for Non-University of California Children's Hospitals.

4 CA ADC § 7045Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 4. Business Regulations
Division 10. California Health Facilities Financing Authority
Chapter 2. The Children's Hospital Program of 2004
4 CCR § 7045
§ 7045. Release of Funds for Non-University of California Children's Hospitals.
Currentness
(a) No Grant shall be released to a Non University of California Children's Hospital until the following information has been provided to the satisfaction of Authority staff:
(1) For all Projects with the exception of equipment acquisition or real property acquisition projects, any supporting documentation that was incomplete with the Application Form shall be finalized and submitted along with a copy of the executed construction contract and the building permit.
(2) For Projects that include architect, design and engineering fees to be paid with Grant proceeds, all applicable executed architect, design and engineering contracts.
(3) For real property acquisition Projects, a copy of the executed purchase and sale agreement and a copy of an appraisal, the appraised value of which (when added to the amount of reasonable transaction and closing costs) shall not be less than the sum of the Grant and all other funding sources necessary to acquire the Project. The appraisal shall be no older than six months from the date of the executed purchase and sale agreement and shall be completed by a state certified appraiser.
(4) For equipment acquisition Projects:
(A) In the First and Second Funding Rounds, any supporting documentation that was incomplete when the Application Form was submitted or not provided at that time shall be finalized and submitted along with a list of items to be purchased and all purchase orders.
(B) For equipment acquisition Projects in the Third and Fourth Funding Rounds, all contracts, purchase orders, invoices and copies of cancelled checks shall be submitted. If the Grantee does not provide copies of cancelled checks, the Grantee shall provide wire transfers, electronic fund transfers or other evidence acceptable to the Authority in lieu of copies of cancelled checks.
(5) Evidence that all other funds, if needed, are in place to complete the Project.
(6) Evidence of property ownership for all construction Projects or if the property is leased to a Children's Hospital or the California nonprofit corporation of which the Children's Hospital is an operating entity, a copy of a lease agreement that satisfies the requirements of Section 7047.
(7) An executed Grant Agreement.
(8) When applicable, evidence that there are no outstanding issues related to the California Environmental Quality Act and any other applicable law, if this information was not provided with the Application Form.
(b) Documentation provided for the release of Grant funds shall clearly show that the Grant award does not exceed the cost of the Project.
(c) Grant funds shall be released on a periodic basis upon receipt of draw requests.
(d) Credit for investment earnings on any previously released portion of Grant shall be paid to the Authority prior to final release of Grant funds to the Grantee.

Credits

Note: Authority cited: Sections 1179.22, 1179.24 and 1179.32, Health and Safety Code. Reference: Sections 1179.11, 1179.22, 1179.24 and 1179.25, Health and Safety Code.
History
1. New section filed 2-11-2005 as an emergency; operative 2-11-2005 (Register 2005, No. 6). A Certificate of Compliance must be transmitted to OAL by 6-13-2005 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 5-26-2005 as an emergency; operative 5-26-2005 (Register 2005, No. 21). A Certificate of Compliance must be transmitted to OAL by 9-23-2005 or emergency language will be repealed by operation of law on the following day.
3. Certificate of Compliance as to 5-26-2005 order, including amendment of section and Note, transmitted to OAL 9-14-2005 and filed 10-27-2005 (Register 2005, No. 43).
4. Amendment of subsections (a)(1) and (a)(3) and redesignation and amendment of portion of subsection (c) as new subsection (d) filed 10-7-2009; operative 10-7-2009 pursuant to Government Code section 11343.4 (Register 2009, No. 41).
5. Change without regulatory effect amending subsection (a) filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).
6. Amendment of subsection (a)(4) and new subsections (a)(A)-(B) filed 7-26-2017; operative 10-1-2017 (Register 2017, No. 30).
This database is current through 9/22/23 Register 2023, No. 38.
Cal. Admin. Code tit. 4, § 7045, 4 CA ADC § 7045
End of Document