Gov. Code, § 92306 · Chapter 6. Construction and Lease of Facilities
Gov. Code, § 92306
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
As an alternative to leasing or selling a project or part thereof to a participating party, the commission may finance the acquisition, construction, or installation of a project, or any part thereof, by means of a loan to the participating party.
The principal amount of the participating party’s obligation as borrower shall be sufficient to provide funds for all the purposes specified in subdivisions (a), (b), and (c) of Section 92304 and may be paid in installments, together with interest on the unpaid balance, or otherwise as may be mutually agreed by the commission and the participating party and set forth in the loan agreement.
Loans made pursuant to this section may be secured or unsecured, in the discretion of the commission.
Section 92300 shall not be applicable to projects constructed with moneys loaned pursuant to this section.
Notes and commentary — not statutory text
History
Added by Stats. 1982, Ch. 1553, Sec. 2.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=92306.
- Text hash
- sha256 bdfdf687b6b7e2aeac31fbd3b03bb3d9319af123f78d304c36719becaae74f08
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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