DIVISION 45. HAZARDOUS SUBSTANCE RESPONSE 78000-81050›PART 2. HAZARDOUS SUBSTANCE ACCOUNT 78000-81050›CHAPTER 10. Cleanup Loans and Environmental Assistance to Neighborhoods 80200-80625›ARTICLE 8. Conditions for Loan Approval 80500-80505
§ 80505
California Health and Safety Code · 2026-09 edition · updated 2026-10-03 · California
The department shall not approve a loan pursuant to Article 7 (commencing with Section 80480) if the total debt against the eligible property subject to the release or threatened release of a hazardous material on which the response action will be taken exceeds 80 percent of the estimated value of the property after all necessary response actions are complete.
(Added by Stats. 2022, Ch. 257, Sec. 2. (AB 2293) Effective January 1, 2023. Operative January 1, 2024, pursuant to Sec. 4 of Stats. 2022, Ch. 257.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code