Cal. Code Regs. Tit. 14, § 17935.6 - Board Approval

(a) If the Board approves a loan, the Applicant and the Board shall enter into a Loan Agreement pursuant to the terms specified in Section 17935.2 of this Article. Funds shall be disbursed according to the terms of the Loan Agreement.

(b) The Board's loan committee shall be in effect for a period of 90 days following Board approval. The loan commitment may be extended, for cause, for an additional 90 days. Extension of the loan commitment beyond the second 90 day period shall occur only if agreed to by both the Board and the Applicant.

Notes

Cal. Code Regs. Tit. 14, § 17935.6

1. New section filed 11-24-92; operative 11-24-92 pursuant to Government Code section 11346.2(d) (Register 92, No. 48).
2. Change without regulatory effect amending NOTE filed 7-8-94 pursuant to section 100, title 1, California Code of Regulations (Register 94, No. 27).
3. Repealer of subsection (a), subsection relettering, repealer of subsection (c), and new subsection (b) filed 4-8-98; operative 5-8-98 (Register 98, No. 15).
4. Amendment of NOTE filed 10-18-2005; operative 11-17-2005 (Register 2005, No. 42).

Note: Authority cited: Section 40502, Public Resources Code. Reference: Section 42023.4, Public Resources Code.

1. New section filed 11-24-92; operative 11-24-92 pursuant to Government Code section 11346.2(d) (Register 92, No. 48).
2. Change without regulatory effect amending Note filed 7-8-94 pursuant to section 100, title 1, California Code of Regulations (Register 94, No. 27).
3. Repealer of subsection (a), subsection relettering, repealer of subsection (c), and new subsection (b) filed 4-8-98; operative 5-8-98 (Register 98, No. 15).
4. Amendment of Note filed 10-18-2005; operative 11-17-2005 (Register 2005, No. 42).