California Public Resources Code

§ 26074

PRC § 26074 Effective Jan 1, 2013Div. 16 · Ch. 4 · Art. 3

Statute text

(a)The authority shall require certification from a loan applicant that each loan offered pursuant to the applicant’s loan program is consistent with the requirements of the Clean Energy Upgrade Program administered pursuant to this chapter.

(b)If the conditions of subdivision (a) are satisfied, the authority shall allocate to the applicant, at the closing of the loan, the amount made available from the Renewable Resource Trust Fund in the form of financial assistance as approved by the State Energy Resources Conservation and Development Commission and the authority. Prior to providing financial assistance pursuant to this section, the authority shall enter into an agreement with the applicant regarding the financial assistance, including the process for the possible return of moneys disbursed to or on behalf of the applicant.

Legislative history

Added by Stats. 2012, Ch. 677, Sec. 33. (SB 1128) Effective January 1, 2013.