California · Water Code
WAT §12885: The department is authorized to make state loans to public agencies for the construction of projects from moneys available for such loans.
What this law says, in plain English
The department has authority to provide state loans to public agencies for construction projects using available loan funds.
Read the full statutory text
The department is authorized to make state loans to public agencies for the construction of projects from moneys available for such loans. Loans in excess of four million dollars ($4,000,000) for any one project may be made by the department only upon specific approval of the Legislature, by an act enacted after the receipt of copies of the project report filed pursuant to Section 12882. 4 and upon such additional terms and conditions as the Legislature may prescribe.
Verify at the official source: California legislative text
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