Sec. 10a-194i. Loans to nursing homes for installation of automatic fire extinguishing systems.
Sec. 10a-194i. Loans to nursing homes for installation of automatic fire extinguishing systems. (a) The Connecticut Health and Educational Facilities Authority shall
develop a loan program for the purpose of providing financial assistance to owners of
chronic and convalescent nursing homes or rest homes with nursing supervision licensed
pursuant to chapter 368v for costs incurred in installing automatic fire extinguishing
systems, including smoke detectors and warning equipment, approved by the State Fire
Marshal and required by subsection (f) of section 29-315.
(b) There is established, within the Connecticut Health and Educational Facilities
Authority, a revolving loan account for the purpose of the loan program authorized by
this section. The revolving loan account shall contain any moneys provided or required
by law to be deposited in the account. The authority may accept contributions from any
source, public or private, for deposit in the account for purposes of the loan program.
(c) Loans made pursuant to this section shall have such terms and conditions, and
shall be subject to such eligibility, loan approval, credit and other underwriting requirements and criteria as are determined by the authority to be reasonable in light of the
objectives of the loan program.
(d) On or before October 1, 2006, and annually thereafter so long as the loan program
remains active, the authority shall submit to the joint standing committees of the General
Assembly having cognizance of matters relating to public health, public safety and
security and housing a report, in accordance with section 11-4a, setting forth the following information: (1) A list of the loans made under the program and a general description
of the terms and conditions of such loans and the repayment history; (2) an assessment
of the impact of such loans on compliance with the requirements of subsection (f) of
section 29-315; (3) the need for additional funding for the loan program authorized by
this section; and (4) such other information as the authority deems relevant to evaluating
the success of the loan program in meeting its objectives.
(e) In connection with the making and administration of loans pursuant to this section, the authority shall have and may exercise such powers as are necessary or appropriate to carry out the purposes of this section, including the same powers expressly
granted to the authority in section 10a-180 with respect to other loans.
(f) No loan may be made pursuant to this section after June 30, 2008, and any
moneys then remaining in, or thereafter received to the credit of, the account established
in subsection (b) of this section may be withdrawn by the authority from such account
and used for other purposes of the authority, subject to specific restrictions governing
any contribution to such account pursuant to subsection (b) of this section.
(g) The authority shall adopt written procedures, in accordance with section 1-121,
to carry out the provisions of this section.
(P.A. 05-187, S. 3.)
History: P.A. 05-187 effective July 1, 2005.