California § 77.1. 77.1. (Added by Stats. 1990, Ch. 1500, Sec. 4.)

California Statutes

§ 77.1. — 77.1. (Added by Stats. 1990, Ch. 1500, Sec. 4.)

California § 77.1.

JurisdictionCalifornia

Code HNCHarbors and Navigation Code - HNC

Div. 1.DIVISION 1. DEPARTMENT OF BOATING AND WATERWAYS AND THE BOATING AND WATERWAYS COMMISSION

Ch. 2.CHAPTER 2. Department of Boating and Waterways

Art. 5.ARTICLE 5. Recreational Marinas

This text of California § 77.1. (77.1. (Added by Stats. 1990, Ch. 1500, Sec. 4.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Harbors and Navigation Code - HNC Code § 77.1. (2026).

Text

The department, upon whatever terms and conditions it deems proper, may sell or otherwise dispose of property serving as collateral for a defaulted loan made under Section 76.3 or may operate, contract to operate, or let property involved in the default. All proceeds from any action of the department pursuant to this section shall be deposited in the Harbors and Watercraft Revolving Fund and credited towards the repayment of the defaulted loan.

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The department, upon whatever terms and conditions it deems proper, may sell or otherwise dispose of property serving as collateral for a defaulted loan made under Section 76.3 or may operate, contract to operate, or let property involved in the default. All proceeds from any action of the department pursuant to this section shall be deposited in the Harbors and Watercraft Revolving Fund and credited towards the repayment of the defaulted loan.