Statute · California Water Code
Cal. Water Code § 13868.7 — California Safe Drinking Water Bond Law of 1976
Cal. Water Code § 13868.7
- Type
- Statute
- Source
- California Water Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Water Code § 13868.7 — California Safe Drinking Water Bond Law of 1976 is in force in the current edition of the Code, and nothing recorded condemns it.
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.