Cal. Code Regs. tit. 14 § 18910

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 18910 - Review of Complete Loan Applications and Board Approval

Upon determination that an application is complete, Board staff shall review each application and prepare a summary of findings. Applications, which meet the following criteria shall be considered and a decision shall be made by the Board within ninety (90) days of the determination that the application is complete:

(a) The source of repayment is sufficient for the requested loan amount; and

(b) The applicant has adequately demonstrated the appropriateness of the loan for use in the project as specified pursuant to Section 18906(c) of this Article.

Cal. Code Regs. Tit. 14, § 18910

1. New section filed 9-11-2000; operative 9-11-2000 pursuant to Government Code section 11343.4(d) (Register 2000, No. 37).

Note: Authority cited: Sections 40502 and 48025, Public Resources Code. Reference: Sections 48020 through 48028, Public Resources Code.

1. New section filed 9-11-2000; operative 9-11-2000 pursuant to Government Code section 11343.4(d) (Register 2000, No. 37).