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Section 12957 Of Part 7. Project Costs For Local Governmental Services From California Water Code >> Division 6. >> Part 7.
12957
. Funds for capital outlay expenditures for police and fire
protection, essential health services, and water and sewerage systems
required to serve the expanded population in the impact area may be
provided to any city, county, or district rendering, in whole or in
part, any of the services described in Section 12950, upon their
application under either or both of the following options to be
exercised by the local governing bodies:
(a) A loan by the State to the local agency for all or any part of such expenditures; such loans to be entirely repaid within 30 years at a rate of interest one-quarter of 1 percent higher than the interest cost to the State for long-term loans at the time of the loan.
(b) Direct state expenditures to meet all or any part of such needs. Direct state expenditures shall be for temporary facilities which shall be dismantled upon completion of the water project construction.
(a) A loan by the State to the local agency for all or any part of such expenditures; such loans to be entirely repaid within 30 years at a rate of interest one-quarter of 1 percent higher than the interest cost to the State for long-term loans at the time of the loan.
(b) Direct state expenditures to meet all or any part of such needs. Direct state expenditures shall be for temporary facilities which shall be dismantled upon completion of the water project construction.
