California Water Code

§ 78680.12

WAT § 78680.12Div. 24 · Ch. 6 · Art. 4

Statute text

(a)The department may make loans to public agencies for projects. Loans for a single project may not exceed five million dollars ($5,000,000).

(b)All loan applications shall include information relating to the public necessity of the project, the urgency of need, the engineering feasibility, the economic justification, and the financial feasibility of the project, as well as other information that the department may require.

(c)All loans made pursuant to this section are subject to all of the following requirements:

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Legislative history

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