116761.62. (a) To the extent permitted by federal and state law, moneys in the fund may be expended to rebate to the federal government all arbitrage profits required by the federal Tax Reform Act of 1986 (Public Law 99-514) or any amendment of or supplement to that law. To the extent that this expenditure of the […]
116761.65. (a) The board shall establish, and may periodically adjust, the interest rate for repayable financing made pursuant to this chapter at a rate not to exceed 50 percent of the average interest rate, computed by the true interest cost method, paid by the state on general obligation bonds issued in the prior calendar year, rounded […]
116761.70. (a) The Safe Drinking Water State Revolving Fund Administration Fund is hereby created in the State Treasury. (b) The following moneys shall be deposited into the administration fund: (1) Moneys transferred to pay the costs incurred by the state board in connection with the administration of this chapter. (2) The amounts collected for financial assistance services pursuant to […]
116761.85. (a) Moneys repaid to the state pursuant to any contract executed pursuant to this chapter, including interest payments and all interest earned on or accruing to any moneys in the fund, shall be deposited in the fund and shall be available in perpetuity, for expenditure for the purposes and uses permitted by this chapter and […]
116761.86. To the extent amounts in the fund are not required for current obligation or expenditure, those amounts shall be invested in interest bearing obligations, and the interest earned shall become part of the fund. (Added by Stats. 1997, Ch. 734, Sec. 15. Effective October 7, 1997.)
