California Water Code

§ 78673

WAT § 78673Div. 24 · Ch. 6 · Art. 3

Statute text

(a)Any loan contract concerning an eligible project for groundwater recharge shall be supported by, or shall include, all of the following:

(1)A finding by the department that the agency has the ability to repay the requested loan, that the project is economically justified, and that the project is feasible from an engineering and hydrogeologic viewpoint.

(2)An estimate of the reasonable cost and benefit of the project, including a feasibility report which shall set forth the economic justification and the engineering, hydrogeologic, and financial feasibility of the project, and shall include explanations of the proposed facilities and their relation to other water-related facilities in the basin or region.

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Legislative history

Added by Stats. 1996, Ch. 135, Sec. 1. Approved in Proposition 204 at the November 5, 1996, election.