(a) Preliminary Coordination: Loans will be processed in accordance with departmental guidelines and criteria. The applicant may seek departmental assistance in formulating the project.
(b) Preliminary Study: The applicant's formal request for a loan will not be submitted until the department's reconnaissance survey of the proposed project area has determined the initial acceptability of the project and the applicant has been so notified.
(c) Formal Application: Upon receipt of a favorable preliminary report from the department, the applicant may make a formal loan application which shall include:
(1) Feasibility Study: A report containing sufficient information and detail to demonstrate that the project is both engineeringly and financially feasible. The report shall include, but not be limited to:
(A) A project plan and map which establishes the project area and location.
(B) Preliminary project layout and designs of project features in sufficient detail to develop accurate cost estimates.
(C) A plan for operational and fiscal management of the project throughout the loan period.
(D) The proposed method and means of retiring the loan, meeting other financial obligations of the project, and, if the project is to be undertaken with funds in addition to the loan applied for, a funding plan indicating the sources of such additional construction funds.
(E) A report on the effect the project would have on the environment. The department will provide the applicant with a copy of the latest law on this subject.
(F) A plan to capitalize a reserve fund in an amount specified by the department.
(G) Collateral acceptable to the department.
(2) A designation of a representative authorized to act for the applicant to sign any necessary papers or to otherwise act as the representative of the applicant.
Credits
Note: Authority cited: Sections 63.9(e) and 71.4, Harbors and Navigation Code. Reference: Sections 71.4 and 85.2, Harbors and Navigation Code.
1. Editorial correction of Note filed 10-11-85 (Register 85, No. 41).
2. Amendment of subsections (b), (c), (c)(1), (c)(1)(B) and (c)(1)(D)-(E) and new subsections (c)(1)(F)-(G) filed 7-2-2001; operative 8-1-2001 (Register 2001, No. 27).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 14, § 5102, 14 CA ADC § 5102
