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 § 116761.65.

JurisdictionCalifornia

Code HSCHealth 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

This text of California § 116761.65. (116761.65. (Amended by Stats. 2022, Ch. 680, 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. Health and Safety Code - HSC Code § 116761.65. (2026).

Text

(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.

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(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.