California Public Resources Code

§ 25433.5

PRC § 25433.5 Effective Aug 8, 2002Div. 15 · Ch. 5.3 · Art. 2

Statute text

(a)In consultation with the Public Utilities Commission, the commission shall do both of the following for the purpose of full or partial funding of an eligible construction or retrofit project:

(1)Establish a grant program to provide financial assistance to eligible low-income individuals.

(2)Establish a 2-percent interest per annum loan program to provide financial assistance to a small business owner, residential property owner, or individual who is not eligible for a grant pursuant to paragraph (1). The loans shall be available to a small business owner who has a gross annual income that does not exceed one hundred thousand dollars ($100,000) or to an individual or residential property owner who has a gross annual household income that does not exceed one hundred thousand dollars ($100,000).

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Legislative history

Amended by Stats. 2001, 2nd Ex. Sess., Ch. 9, Sec. 2. Effective August 8, 2002.