Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 7 - Business, Transportation and Housing Agency: Small Business Loans and Guarantees
Article 11 - Hazardous Waste Reduction Loan Program
Section 5267 - Corporation (or Agency) Approval

Cal. Code Regs. tit. 10 § 5267

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Current through Register 2024 Notice Reg. No. 45, November 8, 2024
Section 5267 - Corporation (or Agency) Approval
(a) Pursuant to Section 5264(c)(2), except for letters of credit, the Agency shall send a copy of a complete Waste Reduction Application to a Corporation.
(b) The Corporation shall be authorized to review the Waste Reduction Application and investigate the Waste Reduction Applicant, including procuring a commercial credit report and obtaining an appraisal of any real property used as security. The Corporation shall render an opinion as to whether the Waste Reduction Applicant has the ability to repay and secure the Waste Reduction Loan on the terms and conditions required by these regulations and requested by the Waste Reduction Applicant.
(c) Upon completion of its review pursuant to this Section, the Corporation shall return to the Agency the Waste Reduction Application, together with the Corporation's recommendation regarding funding of the Waste Reduction Application.
(d) In the case of a letter of credit, the Agency shall conduct the subsection (b) analysis.

Cal. Code Regs. Tit. 10, § 5267

1. New section filed 11-7-88 as an emergency; operative 11-7-88 (Register 88, No. 46). A Certificate of Compliance must be transmitted to OAL within 180 days or emergency language will be repealed on 5-6-89.
2. Certificate of Compliance transmitted to OAL 2-27-89 and filed 3-29-89 (Register 89, No. 15).
3. Amendment of subsections (a), (d) and NOTE filed filed 11-22-93 as an emergency; operative 11-22-93 (Register 93, No. 49). A Certificate of Compliance must be transmitted to OAL by 4-6-94 or emergency language will be repealed by operation of law on the following day.
4. Certificate of Compliance as to 11-22-93 order transmitted to OAL 3-3-94 with amendment of NOTE and filed 4-13-94 (Register 94, No. 15).
5. Amendment of section heading and section filed 12-27-2004 as a deemed emergency pursuant to Corporations Code section 14024; operative 12-27-2004 (Register 2004, No. 53). A Certificate of Compliance must be transmitted to OAL by 6-27-2005 or emergency language will be repealed by operation of law on the following day.
6. Editorial correction of HISTORY 5 (Register 2005, No. 27).
7. Certificate of Compliance as to 12-27-2004 order transmitted to OAL 5-25-2005 and filed 7-7-2005 (Register 2005, No. 27).

Note: Authority cited: Section 14024, Corporations Code. Reference: Section 14097, Corporations Code.

1. New section filed 11-7-88 as an emergency; operative 11-7-88 (Register 88, No. 46). A Certificate of Compliance must be transmitted to OAL within 180 days or emergency language will be repealed on 5-6-89.
2. Certificate of Compliance transmitted to OAL 2-27-89 and filed 3-29-89 (Register 89, No. 15).
3. Amendment of subsections (a), (d) and Note filed filed 11-22-93 as an emergency; operative 11-22-93 (Register 93, No. 49). A Certificate of Compliance must be transmitted to OAL by 4-6-94 or emergency language will be repealed by operation of law on the following day.
4. Certificate of Compliance as to 11-22-93 order transmitted to OAL 3-3-94 with amendment of Note and filed 4-13-94 (Register 94, No. 15).
5. Amendment of section heading and section filed 12-27-2004 as a deemed emergency pursuant to Corporations Code section 14024; operative 12-27-2004 (Register 2004, No. 53). A Certificate of Compliance must be transmitted to OAL by 6-27-2005 or emergency language will be repealed by operation of law on the following day.
6. Editorial correction of History5 (Register 2005, No. 27).
7. Certificate of Compliance as to 12-27-2004 order transmitted to OAL 5-25-2005 and filed 7-7-2005 (Register 2005, No. 27).