Section 13838 Of Chapter 10.2. California Safe Drinking Water Bond Law Of 1984 From California Water Code >> Division 7. >> Chapter 10.2.
13838
. Not more than twenty million dollars ($20,000,000) of state
loans for projects shall be authorized by the department in a single
calendar quarter. No contract shall be approved by the department,
unless the department finds that the supplier has the capacity to
repay the loan amounts specified in the contract.
At the request of the department, the Public Utilities Commission
shall furnish comments concerning the ability of suppliers subject to
its jurisdiction to finance the project from other sources and the
ability to repay the loan.