California Statutes
§ 80505. — 80505. (Added by Stats. 2022, Ch. 257, Sec. 2.)
California·Code HSC Health and Safety Code - HSC·Div. 45. DIVISION 45. HAZARDOUS SUBSTANCE RESPONSE·Part 2. PART 2. HAZARDOUS SUBSTANCE ACCOUNT·Ch. 10. CHAPTER 10. Cleanup Loans and Environmental Assistance to Neighborhoods·Art. 8. ARTICLE 8. Conditions for Loan Approval
The department shall not approve a loan pursuant to Article 7 (commencing with Section 80480) if the total debt against the eligible property subject to the release or threatened release of a hazardous material on which the response action will be taken exceeds 80 percent of the estimated value of the property after all necessary response actions are complete.
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California § 80505. (80505. (Added by Stats. 2022, Ch. 257, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2022, Ch. 257, Sec. 2. (AB 2293) Effective January 1, 2023. Operative January 1, 2024, pursuant to Sec. 4 of Stats. 2022, Ch. 257.