No more than twenty million dollars ($20,000,000) of state loans for projects shall be authorized by the department in a single calendar quarter. No contract shall be approved by the department unless the department finds that the supplier has the capacity to repay the loan amounts specified in the contract.

The Public Utilities Commission shall furnish comments at the request of the department concerning the ability of suppliers subject to their jurisdiction to finance the project from other sources and the ability to repay the loan.

Terms Used In California Water Code 13868.7

  • Contract: A legal written agreement that becomes binding when signed.
  • Department: means the Department of Water Resources. See California Water Code 13857
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Project: means proposed facilities for the construction, improvement, or rehabilitation of the domestic water system, and may include water supply, treatment works, and all or part of a water distribution system, if such inclusions are necessary to carry out the purpose of this chapter. See California Water Code 13857
  • State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18

(Added by Stats. 1975, Ch. 1008. Approved in Proposition 3 at the June 8, 1976, election.)

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