CA Water Code Section 78624

(a)

A contract for a loan may not provide for a moratorium on the payment of the principal of, or interest on, the loan.

(b)

Any loan made pursuant to Section 78622 shall be for a period not to exceed 20 years.

(c)

The board may enter into a contract for a loan of up to 100 percent of the total eligible cost of design and construction of an eligible recycling project.