Section 78624 Of Article 3. Water Recycling Program From California Water Code >> Division 24. >> Chapter 5. >> Article 3.
78624
. (a) A contract for a loan may not provide for a moratorium
on the payment of the principal of, or interest on, the loan.
(b) Any loan made pursuant to Section 78622 shall be for a period
not to exceed 20 years.
(c) The board may enter into a contract for a loan of up to 100
percent of the total eligible cost of design and construction of an
eligible recycling project.