§ 5280. Definitions.
10 CA ADC § 5280Barclays Official California Code of Regulations
10 CCR § 5280
§ 5280. Definitions.
In addition to the definitions contained in Public Resource Code section 42100, the following supplemental definitions shall govern the construction of this chapter:
(h) “Collection guarantee” means a guarantee of a specified percentage of net loan principal and ninety (90) days interest at the same percentage. “Net loan principal” as used in this paragraph means the amount of loan principal remaining outstanding after the lender has fully complied with the collection procedures in section 5286.
(m) “Environmental audit” means an investigation that may be required by a lender or a corporation into the applicant's operations and compliance with federal, state and local environmental laws, regulations and rulings, which would indicate whether the facility is, or is likely to become, contaminated.
(o) “Guarantee” means a written agreement to warrant the repayment of a portion of a loan or payment of all or a portion of a claim, with repayment from the Chrome Plating Pollution Prevention Fund established by Public Resources Code section 42102. Every guarantee of a loan shall be either a collection guarantee or a loan guarantee.
(r) “Lender” means a banking organization, including national banks and trust companies and state chartered commercial banks, savings and loan associations, credit unions, state insurance companies, mutual insurance companies, and other banking, lending, retirement, and insurance organizations, authorized to conduct business in California.
(y) “Toxic air contaminant” means an air pollutant that may cause or contribute to an increase in mortality or in serious illness, or which may pose a present or potential hazard to human health. For the purposes of this article, toxic air contaminant means a substance identified by the Air Resources Board including, but not limited to, hexavalent chromium; nickel and nickel compounds; cadmium and cadmium compounds, and, copper and copper compounds.
Credits
Note: Authority cited: Section 42106, Public Resources Code. Reference: Sections 42100, 42101, 42102.4 and 42103, Public Resources Code.
History
1. New chapter 7.1, article 1 (sections 5280-5286) and section filed 7-26-2006 as an emergency; operative 7-26-2006 (Register 2006, No. 30). This regulatory action is deemed an emergency, was filed directly with the Secretary of State, and shall remain in effect until revised or repealed by the Business, Transportation and Housing Agency pursuant to Public Resources Code section 42106.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 5280, 10 CA ADC § 5280
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