Section 76.3 Of Article 5. Recreational Marinas From California Harbors And Navigation Code >> Division 1. >> Chapter 2. >> Article 5.
76.3
. (a) The department may make loans to private marina owners to
develop a recreational marina. Loan funds from the department may be
utilized for both of the following:
(1) Construction costs for berthing facilities, dredging, parking,
public access facilities, restrooms, vessel pumpout facilities, oil
recycling facilities, utilities, landscaping, receptacles for the
purpose of separating, reusing, or recycling all solid waste
materials, and other incidental boating-related amenities.
(2) Acquisition, collateral appraisals, permit fees, planning,
engineering, and design expenses directly related to the items
specified in paragraph (1).
(b) The department shall not make a loan to a recreational marina
that restricts access or bars the public other than that which is
consistent with general commercial business practices.
(c) Any private marina owner who purchases facilities previously
developed with a department loan is eligible to apply for a new
construction loan from the department.
(d) (1) The department may also make a loan to a recreational
marina for the purpose of refinancing an existing loan, subject to
the following conditions:
(A) Not more than 70 percent of the proceeds from the loan shall
be used to refinance an existing loan.
(B) Not less than 30 percent of the loan proceeds shall be used
for construction activity authorized under this section.
(C) The loan applicant shall meet all other requirements under law
for loan qualification and any other applicable term or condition of
law.
(2) This subdivision does not prohibit a person from applying for
a loan under subdivision (a).