undertaking any hospital facilities pursuant to this Chapter the Board shall be guided by and shall observe the following criteria and requirements; provided that the determination of the Board as to its compliance with such criteria and requirements shall be final and conclusive:

(1) There is a need for the hospital facilities in the area in which the hospital facilities are to be located;
(2) No hospital facilities shall be leased to any public or nonprofit agency unless the financial feasibility of the financing is supported by a feasibility study prepared by a professional hospital consultant, which may be an independent firm or certified public accountants, having a favorable national repute for skill and experi- ence in such work;
(3) Adequate provision shall be made for the payment of the principal of and the interest on the bonds and any necessary reserves therefor and for the operation, repair and maintenance of the hospital facilities at the expense of the lessee; and

(4) The public facilities, including utilities, and public services necessary for the hospital facilities will be made available.
SOURCE: GC §53608.03, as added by P.L. 12-69.