Adopt a resolution to authorize: A) Establishing a maximum limit for cash advances from the County General Fund to San Mateo Medical Center (SMMC) of $80,000,000 to support SMMC operations; and B) Maintaining current cash advance limit of $45,000,000 interest free; and C) Provide that SMMC pay interest at the County established pool rate on additional funds needed above $45,000,000, up to the established maximum of $80,000,000.

Committee

HEALTH

Requested by

HEALTH SERVICES SMMC

Introduced

September 4, 2024

On agenda

October 8, 2024

Passed

October 8, 2024

Enacted

October 8, 2024

Enactment no.

Resolution-080690

Where it was heard

BOARD OF SUPERVISORS Oct 8, 2024 approved Pass

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