California Public Resources Code

§ 4796

PRC § 4796 Effective Jan 1, 2020Div. 4 · Part 2.5 · Ch. 1

Statute text

(a)The director may make the following types of loans relating to forest resource improvement projects:

(1)The director may make loans for forest resource improvement work to cover all or part of a smaller nonindustrial landowner’s cost share payment required pursuant to Section 4795. The director shall establish reasonable terms relating to the length of, and the interest rate for, a loan made pursuant to this subdivision. In order to secure repayment of the loan, the forest resource improvement loans shall be secured by a mortgage or deed of trust upon the parcel of land to which the forest improvement project applies. The director shall record the mortgage or deed of trust in the office of the county recorder in the county in which the real property subject to the resource improvement loan is located.

(2)(A) The director may make loans for forest resource improvement work to landowners eligible pursuant to the provisions of subdivision (d) of Section 4797 for up to 100 percent of the lesser of either:

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Legislative history

Amended by Stats. 2019, Ch. 497, Sec. 221. (AB 991) Effective January 1, 2020.