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Code · California · Water Code

§ 78624

72 words·~1 min read·/ca/water-code/78624

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A contract for a loan may not provide for a moratorium on the payment of the principal of, or interest on, the loan.
(b)Any loan made pursuant to Section 78622 shall be for a period not to exceed 20 years.
(c)The board may enter into a contract for a loan of up to 100 percent of the total eligible cost of design and construction of an eligible recycling project.
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