California Statutes
§ 92306. — 92306. (Added by Stats. 1982, Ch. 1553, Sec. 2.)
California·Code GOV Government Code - GOV·Title 11. TITLE 11. CALIFORNIA PASSENGER RAIL FINANCING COMMISSION ACT·Ch. 6. CHAPTER 6. Construction and Lease of Facilities
As an alternative to leasing or selling a project or part thereof to a participating party, the commission may finance the acquisition, construction, or installation of a project, or any part thereof, by means of a loan to the participating party.
The principal amount of the participating party’s obligation as borrower shall be sufficient to provide funds for all the purposes specified in subdivisions (a), (b), and (c) of Section 92304 and may be paid in installments, together with interest on the unpaid balance, or otherwise as may be mutually agreed by the commission and the participating party and set forth in the loan agreement.
Loans made pursuant to this section may be secured or unsecured, in the discretion of the commission.
Section 92300 shall not be applicable to projects const
Free access — add to your briefcase to read the full text and ask questions with AI
California § 92306. (92306. (Added by Stats. 1982, Ch. 1553, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1982, Ch. 1553, Sec. 2.