Cal. Code Regs. tit. 10 § 5270

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 5270 - Loan Disbursement

Following the execution of a Waste Reduction Loan Agreement, the Agency shall disburse monies as follows.

(a) The Borrower shall submit to the Agency signed invoices for acquisition and installation of the Waste Reduction measures included in the Waste Reduction Loan Agreement.

(b) Upon receipt of the signed invoice, the Agency shall disburse Waste Reduction Loan funds to the Waste Reduction Borrower.

(c) All work funded with loan proceeds shall be performed by a licensed contractor. "Licensed Contractor" means a contractor, as defined in section 7026 of the Business and Professions Code, who has been licensed pursuant to sections 7065 to 7077 of the Business and Professions Code.

Cal. Code Regs. Tit. 10, § 5270

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 A Certificate of Compliance must be transmitted to OAL within 180 days or emergency language will be repealed on 5-6-89.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 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 A Certificate of Compliance must be transmitted to OAL by 6-27-2005 or emergency language will be repealed by operation of law on the following day.
4. Editorial correction of HISTORY 3 (Register 2005, No. 27).
5. Certificate of Compliance as to 12-27-2004 order, including amendment of subsection (c) and NOTE, 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 A Certificate of Compliance must be transmitted to OAL within 180 days or emergency language will be repealed on 5-6-89.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 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 A Certificate of Compliance must be transmitted to OAL by 6-27-2005 or emergency language will be repealed by operation of law on the following day.
4. Editorial correction of History3 (Register 2005, No. 27).
5. Certificate of Compliance as to 12-27-2004 order, including amendment of subsection (c) and Note, transmitted to OAL 5-25-2005 and filed 7-7-2005 (Register 2005, No. 27).