California Welfare and Institutions Code

§ 14088.18

WIC § 14088.18 Effective Jan 1, 1999Div. 9 · Part 3 · Ch. 7 · Art. 2.9

Statute text

(a)In order to increase the number of nonprofit providers under this article, the department may enter into contracts each fiscal year under this section with eligible nonprofit organizations to provide a one-time interest-bearing loan, repayable at the Pooled Money Investment Account rate, to that eligible organization.

(b)Contracts entered into pursuant to this section shall be limited to contracts within those counties where the department does not have contracts authorized by this article on the effective date of this section.

(c)Any loan entered into pursuant to this section shall not exceed one hundred thousand dollars ($100,000).

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Legislative history

Amended by Stats. 1998, Ch. 834, Sec. 5. Effective January 1, 1999.