Section 76 Of Article 5. Recreational Marinas From California Harbors And Navigation Code >> Division 1. >> Chapter 2. >> Article 5.
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. It is the intent of the Legislature that Harbors and Watercraft
Revolving Fund moneys be used to implement the intent of Section
71.5 by providing loans directly to private recreational marina
owners for the design, acquisition, development, expansion, and
improvement of boating facilities. It is the further intent of the
Legislature that borrowers receiving loans not charge unreasonably
high boat berthing fees at their harbor facilities, but that those
borrowers be entitled to charge rates that provide for servicing of
borrowed indebtedness obtained to develop those facilities, provide
for other expenses incurred in operating the facilities, establish
reasonable reserves for repairs, maintenance, and replacement of
those facilities, and provide a reasonable return on the borrower's
invested capital.