California Health and Safety Code
§ 80505
HSC § 80505 Effective Jan 1, 2023Div. 45 · Part 2 · Ch. 10 · Art. 8
Statute text
View on leginfo.ca.govThe department shall not approve a loan pursuant to Article 7 (commencing with Section 80480) if the total debt against the eligible property subject to the release or threatened release of a hazardous material on which the response action will be taken exceeds 80 percent of the estimated value of the property after all necessary response actions are complete.
Legislative history
Added by Stats. 2022, Ch. 257, Sec. 2. (AB 2293) Effective January 1, 2023. Operative January 1, 2024, pursuant to Sec. 4 of Stats. 2022, Ch. 257.