California Code of Regulations
Title 4 - Business Regulations
Division 10 - California Health Facilities Financing Authority
Chapter 7 - Investment in Mental Health Wellness Grant Program for Children and Youth
Section 7326 - Requirements for Construction Projects on Leased Property
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) A Grantee may use Grant funds for construction or renovation on property that is leased to the Grantee. The following requirements shall be satisfied prior to release of Grant funds:
(b) If the lease agreement terminates prior to the end of the useful life of the Project and the property that was subject to the lease agreement is not simultaneously released under a new lease agreement that complies with the requirements of this Section or fee title to the property that was subject to the lease agreement is not simultaneously transferred to the Grantee, the Authority is entitled to recover the Grant funds.
(c) When a Project on leased property includes improvements to any common areas that are shared with other tenants or areas that are not leased by the Grantee, the Grant funds shall be limited only to the proportionate costs of the Project which exclude the costs related to such areas.
1. New section
filed 11-26-2018 as an emergency; operative 11-26-2018 (Register 2018, No. 48).
A Certificate of Compliance must be transmitted to OAL by 5-28-2019 or
emergency language will be repealed by operation of law on the following
day.
2. Certificate of Compliance as to 11-26-2018 order transmitted
to OAL 4-22-2019 and filed 5-20-2019 (Register 2019, No. 21).
Note: Authority cited: Sections 5848.5 and 5848.6, Welfare and Institutions Code. Reference: Section 5848.5, Welfare and Institutions Code.