California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 7. WATER QUALITY |
Chapter 16. California Safe Drinking Water Bond Law of 1988 |
ARTICLE 2. California Safe Drinking Water Program |
Section 14028.
Latest version.
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Not more than twenty-five million dollars ($25,000,000) of state loans for projects shall be authorized by the department in a single calendar quarter. No contract shall be approved by the department, unless the department finds that the supplier has the capacity to repay the loan amounts specified in the contract.
At the request of the department, the Public Utilities Commission shall furnish comments concerning the ability of suppliers subject to its jurisdiction to finance the project from other sources and the ability to repay the loan.
(Added by Stats. 1988, Ch. 45, Sec. 1. Approved November 8, 1988, by adoption of Proposition 81.)