Section 54128 Of Article 5. Earthquake Relief From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 5. >> Article 5.
54128
. The board and the local agency may agree upon the terms and
conditions of payment of rentals, which shall be fixed at an amount
which will return to the State within the period agreed by the board
and the local agency the sums which the State, through the board, has
expended for the local agency, plus an amount to be specified by the
board to be in lieu of the interest which the State would receive if
the money were to be invested by the State. The maximum term of an
agreement shall be 20 years. The board may require a shorter
repayment period.