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By Tanu Henry and Edward Henderson | California Black Media
Last week, California lawmakers passed Senate Bill (SB) 122 a bill that will provide $150 million in interest-free loans to financially struggling hospitals, primarily in rural areas.
The money will be a one-time emergency allocation and will come from the state general fund if the legislation if the legislation is signed by Gov. Gavin Newsom.
In a hearing last Thursday, State Sen. Anna Caballero (D-Salinas) says the funding is just the “beginning.”
It’s antiseptic ointment on the cut. We haven’t even started with the Band-Aid,” she added.
The loans will be administered by the California Department of Health Care Access and information and the California Health Facilities Finance Authority in State Treasurer’s Office.
