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California Law (Last Updated: March 4, 2014) |
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Health and Safety Code - HSC |
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Division 104. ENVIRONMENTAL HEALTH |
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Part 12. DRINKING WATER |
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Chapter 4.5. Safe Drinking Water State Revolving Fund Law of 1997 |
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ARTICLE 7. Safe Drinking Water State Revolving Fund Management |
Section 116761.80.
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(a) The department may expend money repaid to the state pursuant to any contract executed under Section 116761.50 as necessary for the administration of contracts entered into by the department under this chapter, but those expenditures may not in any year exceed 1.5 percent of the amount of principal and interest projected to be paid to the state in that year pursuant to this chapter.
(b) Charges incurred by the Attorney General in protecting the state's interest in the use of funds and repayment of funds under this chapter may be paid by the department from these funds, but those charges may not exceed one-half of 1 percent of the amount of principal and interest projected to be paid to the state in that year pursuant to this chapter.
(c) Any of these sums unexpended by the department at the end of any year shall automatically revert to the fund.