California Water Code

§ 79154

WAT § 79154Div. 26 · Ch. 8 · Art. 2

Statute text

(a)Any loan agreement entered into pursuant to this chapter may include provisions determined to be necessary by the department.

(b)Any loan agreement pursuant to this chapter shall include all of the following:

(1)A finding by the department that the agency has the ability to repay the loan, that the project is cost-effective, and that the project is feasible from an engineering or hydrologic standpoint, or both.

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Legislative history

Added by Stats. 1999, Ch. 725, Sec. 1. Approved in Proposition 13 at the March 7, 2000, election.