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.

Source: Section 78624, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=WAT§ionNum=78624.­ (updated Jan. 1, 1996; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 78624's source at ca​.gov