10 CCR s 5901

Cal. Admin. Code tit. 10, s 5901

CALIFORNIA CODE OF REGULATIONS
TITLE 10. INVESTMENT
CHAPTER 7.95. TRADE AND COMMERCE AGENCY: REPAIR UNDERGROUND STORAGE TANK
LOAN PROGRAM
This database is current through 01/05/07, Register 2007, No. 1.
s 5901. Eligibility.

(a) An Applicant shall be eligible for a Loan when the Office determines
all of the following:

(1) The Applicant is an existing Small Business which owns or
operates one or more Project Tanks.

(2) No similar financing is available to the Applicant. A
determination that no similar financing is available shall consist
of one of the following:

(A) The Office makes a finding that the Applicant is unlikely to
obtain a Loan to fund the Project from private financial
institutions, the Hazardous Substance Cleanup Financing Authority,
the California Pollution Control Financing Authority, or other
government agencies, under terms and conditions substantially
similar to a loan.

(B) The Office locates alternative financing sources for the
Applicant, and the Applicant submits evidence that these financing
sources are unwilling to finance the Project on terms and conditions
substantially similar to those available with a Loan.

(3) The Applicant has complied with, is exempt from, or is not
currently subject to, the Financial Responsibility requirements
specified in section 25299.31 of the Health and Safety Code and
implementing regulations.

(4) The Project is located in California.

(5) All Tanks owned or operated by Applicant have a current Permit
or are exempt from the permit requirements, pursuant to Health and
Safety Code section 25283.5.

(b) An Applicant shall be eligible for a Grant, if the Applicant owns or
operates one or more Project Tanks and meets the requirements set forth in
Government Code section 15399.15(a).

Note: Authority cited: Section 15399.16, Government Code.
Reference: Sections 15399.11, 15399.12, 15399.15, 15399.15.1 and
15399.15.2, Government Code.

HISTORY

1. New section filed 2-8-90 as an emergency; operative 2-8-90 (Register
90,
No. 7). A Certificate of Compliance must be transmitted to OAL within 180
days or emergency language will be repealed by operation of law on 8-7-90.

2. Repealed by operation of Government Code section 11346.1(g) (Register
91, No. 13).

3. New section filed 2-25-91 as an emergency; operative 2-25-91 (Register
91,
No. 13). A Certificate of Compliance must be transmitted to OAL by 8-26-91
or emergency language will be repealed by operation of law on the
following
day.

4. Certificate of Compliance as to 2-25-91 order including amendment
transmitted to OAL 5-24-91 and filed 6-24-91 (Register 91, No. 40).

5. Amendment of section and Note filed 9-5-2000 as an emergency; operative
9-5-
2000 (Register 2000, No. 36). Pursuant to
Government Code section15399.16, a Certificate of Compliance must be
transmitted to OAL by 3-5-2001 or
emergency language will be repealed by operation of law on the following
day.

6. Editorial correction of History 5 (Register 2001, No. 10).

7. Amendment of section and Note refiled 3-6-2001 as an emergency;
operative 3-
6-2001 (Register 2001, No. 10). Pursuant to
Government Code section15399.16, a Certificate of Compliance must be
transmitted to OAL by 9-4-2001 or
emergency language will be repealed by operation of law on the following
day.

8. Certificate of Compliance as to 3-6-2001 order, including further
amendment
of subsection (b), transmitted to OAL 8-3-2001 and filed 9-17-2001
(Register
2001, No. 38).

10 CCR s 5901, 10 CA ADC s 5901
1CAC

10 CA ADC s 5901

END OF DOCUMENT