§ 36.06 INVALIDATION.

   If any provision of this chapter or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect any other provision or application of this chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are declared to be severable. The Council hereby declares that it would have adopted and passed this ordinance and each ordinance, section, subsection, sentence, clause, phrase and word hereof, irrespective of the fact that any one or more of the other chapters, sections, subsections, sentences, causes, phrases, or words hereof be declared invalid or unconstitutional.

('63 Code, § 2-8.406) (Ord. 318-C.S., passed 2-5-80)

FINANCING HEALTH FACILITIES

§ 36.20 LOANS; REFUNDING AND REFINANCING.

   (A)   Loans for acquisition, construction or rehabilitation. 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 for the cost of acquiring, constructing or rehabilitating a health facility; provided, however, that no such loan shall exceed the total cost of such health facility as determined by the participating health institution and approved by the city.

('63 Code, § 2-8.201)

   (B)   Refunding and refinancing obligations. 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 or rehabilitating a health facility, whether such obligations were incurred prior to or after the enactment of this chapter, 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, is 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.

('63 Code, § 2-8.202)

(Ord. 318-C.S., passed 2-5-80)