California § 116761.65. 116761.65. (Amended by Stats. 2022, Ch. 680, Sec. 4.)

California Statutes

§ 116761.65. — 116761.65. (Amended by Stats. 2022, Ch. 680, Sec. 4.)

California·Code HSC Health and Safety Code - HSC·Div. 104. DIVISION 104. ENVIRONMENTAL HEALTH·Part 12. PART 12. DRINKING WATER·Ch. 4.5. CHAPTER 4.5. Safe Drinking Water State Revolving Fund Law of 1997·Art. 7. ARTICLE 7. Safe Drinking Water State Revolving Fund Management

(a)The board shall establish, and may periodically adjust, the interest rate for repayable financing made pursuant to this chapter at a rate not to exceed 50 percent of the average interest rate, computed by the true interest cost method, paid by the state on general obligation bonds issued in the prior calendar year, rounded up to the closest one-tenth of 1 percent.

(b)Notwithstanding subdivision (a), to the extent authorized by federal law, the board may provide reduced or 0 percent financing to further the purposes of this chapter.

Free access — add to your briefcase to read the full text and ask questions with AI

(a)
The board shall establish, and may periodically adjust, the interest rate for repayable financing made pursuant to this chapter at a rate not to exceed 50 percent of the average interest rate, computed by the true interest cost method, paid by the state on general obligation bonds issued in the prior calendar year, rounded up to the closest one-tenth of 1 percent.
(b)
Notwithstanding subdivision (a),
to the extent authorized by federal law, the board may provide reduced or 0 percent financing to further the purposes of this chapter.

California § 116761.65. (116761.65. (Amended by Stats. 2022, Ch. 680, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.