Payment of an administrative fee for approved loans shall be required as authorized by Section 13862 of the Water Code. The administrative fee shall be paid by the supplier in the amount of 3 percent of the approved loan. The fee may be paid on the same terms and conditions to be used for repaying the amount of the loan.
Cal. Code Regs. Tit. 23, § 457
2. Repealer of Article 2 heading, renumbering of former Section 457 to Section 456 and renumbering and amendment of former Section 458 to Section 457 filed 8-11-83; effective thirtieth day thereafter (Register 83, No. 37).
Note: Authority cited: Sections 13868 and 13892, Water Code. Reference: Section 13862, Water Code.
2. Repealer of Article 2 heading, renumbering of former Section 457 to Section 456 and renumbering and amendment of former Section 458 to Section 457 filed 8-11-83; effective thirtieth day thereafter (Register 83, No. 37).