Loan to Refund or Refinance a Health Facility
San Diego Municipal Code § 47.0202
in effect§47.0202 Loan to Refund or Refinance a Health Facility
The City may make, purchase, or otherwise contract for the making of a mortgage or other secured or unsecured loan, upon such terms and conditions as the City shall deem proper, to any participating health institution to refund or refinance outstanding obligations of such participating health institution incurred to finance the cost of acquiring, constructing, rehabilitating or improving a health facility, whether such obligations were incurred prior to or after the enactment of this article, if the City finds that such refunding or refinancing is in the public interest and either alleviates a financial or operating hardship of such participating health institution or is necessary or appropriate in connection with other financing by the City for such participating health institution or may be expected to result in lower costs of health care than would otherwise prevail and a saving to third parties, including government, and to others who must pay for care, or any combination thereof.
(“Loan to Refund or Refinance a Health Facility” added 11–13–1979 by O–15074 N.S.)
Source: City of San Diego Office of the City Clerk, San Diego Municipal Code and City Charter (docs.sandiego.gov PDFs)URL: https://docs.sandiego.gov/municode/MuniCodeChapter04/Ch04Art07Division02.pdf#page=1Fetched: 10/28/2026