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2025 California Code
Water Code - WAT
DIVISION 7 - WATER QUALITY
CHAPTER 16 - California Safe Drinking Water Bond Law of 1988
ARTICLE 2 - California Safe Drinking Water Program
Section 14028.
Universal Citation:
CA Water Code § 14028 (2025)
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14028. Not more than twenty-five million dollars ($25,000,000) 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.
(Added by Stats. 1988, Ch. 45, Sec. 1. Approved in Proposition 81 at the November 8, 1988, election.)
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