California Public Resources Code

§ 25548.4

PRC § 25548.4 Effective Sep 2, 2022Div. 15 · Ch. 6.3

Statute text

(a)Within 180 days after the date of the loan agreement, the department, in collaboration with the Public Utilities Commission, shall establish a methodology and process for it to conduct a semiannual true-up review of the borrower’s use of loan proceeds.

(b)The purpose of the true-up review shall be to determine all of the following:

(1)Whether the borrower used loan proceeds to pay only for eligible costs.

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Legislative history

Added by Stats. 2022, Ch. 239, Sec. 5. (SB 846) Effective September 2, 2022.