Section 76.4 Of Article 5. Recreational Marinas From California Harbors And Navigation Code >> Division 1. >> Chapter 2. >> Article 5.
76.4
. (a) An application for a loan under Section 76.3 shall be
filed with the department and shall:
(1) Include a feasibility study containing sufficient information
and detail to demonstrate that the project is engineeringly and
financially feasible.
(2) Be processed with due diligence, giving consideration to the
needs of the borrower and the interest of the public in preserving
the integrity of the Harbors and Watercraft Revolving Fund.
(3) Include evidence of compliance with the California
Environmental Quality Act (Division 13 (commencing with Section
21000) of the Public Resources Code).
(4) Include all costs incurred by the applicant in processing and
obtaining loan proceeds.
(b) The costs of brokerage fees, planning studies, and all other
costs for the preparation of the loan application shall be borne by
the applicant.