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§ 18406. Reserve Ratio.

14 CA ADC § 18406Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 14. Natural Resources
Division 7. Department of Resources Recycling and Recovery
Chapter 5. Enforcement of Solid Waste Standards and Administration of Solid Waste Facility Permits; Loan Guarantees
Article 6. Criteria, Priority and Administration of the Loan Guarantee Program Provided Pursuant to the Waste Disposal Site Hazard Reduction Act of 1987
14 CCR § 18406
§ 18406. Reserve Ratio.
The Board shall insure that at all times loan guarantee funds are held in reserve in an amount equal to no less than seventy-five percent (75%) of the total amount of the guaranteed principal and interest which is currently outstanding.

Credits

Note: Authority cited: Sections 46201 and 40502, Public Resources Code. Reference: Sections 46300-46301, Public Resources Code.
History
1. New section filed 4-2-90; operative 5-2-90 (Register 90, No. 14).
2. Change without regulatory effect amending section filed 5-17-91 pursuant to section 100, title 1, California Code of Regulations (Register 91, No. 27).
This database is current through 3/22/24 Register 2024, No. 12.
Cal. Admin. Code tit. 14, § 18406, 14 CA ADC § 18406
End of Document