DIVISION 7. WATER QUALITY 13000-16104›CHAPTER 10.5. California Safe Drinking Water Bond Law of 1976 13850-13875
§ 13868.7
California Water Code · 2018-11 edition · updated 2026-10-04 · California
No more than twenty million dollars ($20,000,000) 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.
The Public Utilities Commission shall furnish comments at the request of the department concerning the ability of suppliers subject to their jurisdiction to finance the project from other sources and the ability to repay the loan.
(Added by Stats. 1975, Ch. 1008. Approved in Proposition 3 at the June 8, 1976, election.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code