DIVISION 20. MISCELLANEOUS HEALTH AND SAFETY PROVISIONS 24000-26217›CHAPTER 6.8. Hazardous Substance Account 25300-25395.45›ARTICLE 8.5. Cleanup Loans and Environmental Assistance to Neighborhoods 25395.20-25395.32
§ 25395.31
California Health and Safety Code · 2018-11 edition · updated 2026-10-04 · California
The rate of interest to be applied to loans made pursuant to this article shall be the same rate earned on investments in the Surplus Money Investment Fund during the loan repayment period. If a loan recipient defaults on a loan, the rate of interest to be applied to the loan shall be 10 percent from the date of default, or whatever greater rate is reflected in the agreement entered into pursuant to subdivision (a) of Section 25395.25.
(Added by Stats. 2000, Ch. 912, Sec. 23. Effective September 29, 2000.)
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