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Code · California · Water Code

§ 79149.8

76 words·~1 min read·/ca/water-code/79149-8

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(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 79149.4 shall be for a period not to exceed 20 years.
(c)The board may enter into a contract for a loan amount that equals up to 100 percent of the total eligible cost of design and construction of an eligible seawater intrusion control project.
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