Article 6. Contracts For Project Funding of California Health And Safety Code >> Division 104. >> Part 12. >> Chapter 4.5. >> Article 6.
(a) The board may enter into financing agreements with
applicants for the purposes set forth in this chapter.
(b) If the board provides construction financing, the financing
recipient shall commit to operate and maintain, or ensure the
operation and maintenance of, the water system for the term of the
financing agreement or the useful life of the project, as determined
by the board, unless otherwise authorized by the board.
(c) This section shall become operative on January 1 of the next
calendar year occurring after the board provides notice to the
Legislature and the Secretary of State and posts notice on its
Internet Web site that the board has adopted a policy handbook
pursuant to Section 116760.43.