In the event that a qualified nursing home, as defined in section 10a-186b, is disposed of as the result of a receivership, bankruptcy or insolvency, or upon determination by the State Treasurer that the state's liability for debt service has been reduced through sale of a qualified nursing home, or in order to otherwise avoid a draw on the special capital reserve fund for any bonds issued by the authority for such qualified nursing home, the State Treasurer may advance funds to the authority from amounts appropriated for the nursing home debt service assistance program, or from other General Fund debt service appropriations, for any principal and interest payments on bonds not retired from the proceeds of the sale of the home or which remain outstanding for any other reason. The State Treasurer shall not advance funds unless there has been delivered to the State Treasurer in connection with such advance, a certificate of the executive director of the authority or any officer of the authority certifying: (1) That the board of directors of the authority has determined that a draw on the special capital reserve fund would occur in the absence of the advance; (2) the requested amount of the advance required; and (3) the amount of all previous advances made relative to the bond issue.
(P.A. 98-167, S. 4, 60.)
History: P.A. 98-167 effective June 4, 1998.
Structure Connecticut General Statutes
Title 10a - State System of Higher Education
Chapter 187 - Connecticut Health and Educational Facilities Authority
Section 10a-176. (Formerly Sec. 10-335). - Declaration of policy.
Section 10a-177. (Formerly Sec. 10-336). - Short title.
Section 10a-178. (Formerly Sec. 10-337). - Definitions.
Section 10a-180. (Formerly Sec. 10-339). - Powers of authority.
Section 10a-181. (Formerly Sec. 10-340). - Payment of expenses.
Section 10a-182. (Formerly Sec. 10-341). - Acquisition of property by authority.
Section 10a-183. (Formerly Sec. 10-342). - Conveyance of title to participating institutions.
Section 10a-184. (Formerly Sec. 10-343). - Notes of authority.
Section 10a-185. (Formerly Sec. 10-344). - Bonds.
Section 10a-186. (Formerly Sec. 10-345). - Trust agreement to secure bonds.
Section 10a-186c. - State Treasurer may advance funds re qualified nursing homes.
Section 10a-187. (Formerly Sec. 10-346). - Payment of bonds.
Section 10a-187a. - Pledge by state as to limitation or alteration of rights vested in authority.
Section 10a-188. (Formerly Sec. 10-347). - Rents and charges.
Section 10a-189. (Formerly Sec. 10-348). - Use of bond proceeds and revenues.
Section 10a-190. (Formerly Sec. 10-349). - Enforcement of rights and duties.
Section 10a-190a. - Contracts with bondholders regarding funds of the authority.
Section 10a-191. (Formerly Sec. 10-350). - Tax exemption.
Section 10a-192. (Formerly Sec. 10-351). - Refunding bonds.
Section 10a-193. (Formerly Sec. 10-352). - Bonds declared legal investments.
Section 10a-194. (Formerly Sec. 10-353). - Report to Governor by authority.
Section 10a-194a. - Report to Commissioner of Social Services by authority regarding nursing homes.
Section 10a-194c. - Connecticut Child Care Facilities Program.
Section 10a-194d. - Subsidiary.
Section 10a-194f. - Captive Insurance Demonstration Program Grant Fund.
Section 10a-194g. - Financing of costs of digitizing patient records.
Section 10a-194h. - Loans to nonprofit organizations for preschool projects.
Section 10a-194i. - Loans to nursing homes for installation of automatic fire extinguishing systems.
Section 10a-195. (Formerly Sec. 10-354). - Pledge by state to bondholders and contractors.
Section 10a-197. (Formerly Sec. 10-356). - Liberal construction.
Section 10a-198. (Formerly Sec. 10-357). - Chapter controlling over inconsistent law.