Statute · California Health and Safety Code
Cal. Health & Safety Code § 116761.50 — Contracts for Project Funding
Cal. Health & Safety Code § 116761.50
- Type
- Statute
- Source
- California Health and Safety Code
- Jurisdiction
- California
- Date
- 2014-06-20
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) The board may enter into financing agreements with applicants for the purposes set forth in this chapter.
Citator
Cal. Health & Safety Code § 116761.50 — Contracts for Project Funding is in force in the current edition of the Code, and nothing recorded condemns it.
(a) The board may enter into financing agreements with applicants for the purposes set forth in this chapter.
(b) If the board provides construction financing, the financing recipient shall commit to operate and maintain, or ensure the operation and maintenance of, the water system for the term of the financing agreement or the useful life of the project, as determined by the board, unless otherwise authorized by the board.
(c) This section shall become operative on January 1 of the next calendar year occurring after the board provides notice to the Legislature and the Secretary of State and posts notice on its Internet Web site that the board has adopted a policy handbook pursuant to Section 116760.43.