Section 23011 - Board Approval (California Code of Regulations)

§ 23011. Board Approval

(a) After determining eligibility and project ranking, Board staff shall submit recommendations for funding to the Board.

(b) If the Board approves a loan, the Applicant and the Board shall enter into a Loan Agreement as specified in § 23012. Funds shall be disbursed according to the terms of the Loan Agreement.

(c) The Board may delegate to the Executive Director the approval of loans.

Note: Authority cited: Sections 40502 and 48206, Public Resources Code. Reference: Section 48204(a), Public Resources Code.

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