California Code of Regulations
Title 14 - Natural Resources
Division 4 - Division of Boating and Waterways
Chapter 1 - Division of Boating and Waterways
Article 1.4 - Recreational Marina Loan Regulations
Section 5174 - Priority
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
When considering applications, the department shall, in addition to priorities set forward in Sections 76 through 77.1 of the Harbors and Navigation Code, rank borrowers based upon the following; however, in no case shall the department make a loan to any recreational marina that restricts access or bars the public other than in ways that are lawful and consistent with general commercial business practices:
(a) First priority shall be given to projects based upon issues of the health and safety of boaters using the facilities.
(b) Next, priority will be given for completion of projects that are being phase-funded.
(c) Next, priority shall be given to projects that are receiving significant capital investment funds from borrowers in addition to loan funds.
(d) Next, priority shall be given based upon relative demand for facilities in the market area. Consideration shall be given to:
(e) In the event that a priority between applications cannot be established by subsections (a) through (c), priority will be given to borrowers with the greatest ability to repay the loan. Evaluation of the borrower's ability to repay shall be based on:
(f) In the event that a priority between applications cannot be established by subsections (a) through (d), priority will be given to those applications with the smallest dollar value, in order to allow the maximum number of projects to be made within the limits of the Recreational Marina Loan Program.
1. New section filed 7-2-2001; operative 8-1-2001 (Register 2001, No. 27).
Note: Authority cited: Sections 63.9(e) and 76.8, Harbors and Navigation Code. Reference: Sections 76.3, 76.4, 76.5 and 85.2, Harbors and Navigation Code.