78624
Added by Stats. 1996, Ch. 135, Sec. 1. Approved in Proposition 204 at the November 5, 1996, election.
- (a) A contract for a loan may not provide for a moratorium on the payment of the principal of, or interest on, the loan.
- (b) Any loan made pursuant to Section 78622 shall be for a period not to exceed 20 years.
- (c) The board may enter into a contract for a loan of up to 100 percent of the total eligible cost of design and construction of an eligible recycling project.