Cal. Code Regs. tit. 27 § 23005

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

Section 23005 - Operator Eligibility Criteria

To be eligible for a loan, the operator must demonstrate the ability to:

(a) Repay the loan in a timely manner and to satisfy all other requirements imposed on the operator in the loan agreement;

(b) Promptly and properly close the site with monetary assistance from the Program; and

(c) Adequately maintain the closed site (i.e., a currently acceptable postclosure maintenance financial assurance mechanism).

Cal. Code Regs. Tit. 27, § 23005

1. New section filed 5-18-2004; operative 6-17-2004 (Register 2004, No. 21).

Note: Authority cited: Sections 40502 and 48206, Public Resources Code. Reference: Sections 48202(a) and 48204(b) and (c), Public Resources Code.