California § 12894.3. 12894.3. (Added by Stats. 1971, Ch. 1078.)

California Statutes

§ 12894.3. — 12894.3. (Added by Stats. 1971, Ch. 1078.)

California § 12894.3.

JurisdictionCalifornia

Code WATWater Code - WAT

Div. 6.DIVISION 6. CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES

Part 6.PART 6. WATER DEVELOPMENT PROJECTS

Ch. 5.5.CHAPTER 5.5. Local Agency Bond Payments

This text of California § 12894.3. (12894.3. (Added by Stats. 1971, Ch. 1078.)) 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. Water Code - WAT Code § 12894.3. (2026).

Text

If the department determines that a loan commitment pursuant to Section 12894 will not enable any eligible public agency specified in Section 1 of Chapter 842 of the Statutes of 1968 to obtain the funds necessary to construct projects utilizing water from the State Water Resources Development System or water obtained through an exchange of water from the system, the department may make loans from the funds appropriated by Section 12894 for the construction of such projects. Such loans shall be made upon the terms and conditions specified in Sections 12894.4, 12894.5 and 12894.6.

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If the department determines that a loan commitment pursuant to Section 12894 will not enable any eligible public agency specified in Section 1 of Chapter 842 of the Statutes of 1968 to obtain the funds necessary to construct projects utilizing water from the State Water Resources Development System or water obtained through an exchange of water from the system, the department may make loans from the funds appropriated by Section 12894 for the construction of such projects. Such loans shall be made upon the terms and conditions specified in Sections 12894.4, 12894.5 and 12894.6.