California Code of Regulations
Title 14 - Natural Resources
Division 7 - Department of Resources Recycling and Recovery
Chapter 10 - Solid Waste Cleanup Program
Article 4 - Loans to Local Governments
Section 18912 - Financial Condition Notification
Universal Citation: 14 CA Code of Regs 18912
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) During the application process and any time thereafter, it shall be the responsibility of the applicant or borrower to immediately notify the Board of any change in financial condition that would make them:
(1) Financially able to perform remedial action without Trust Funds; or
(2) Unable to repay the loan; or
(3) Unable to pay for remedial action costs that exceed the loan amount.
(b) Any such changes in conditions or failure to notify the Board of any such changes in conditions may nullify eligibility for use of Trust Funds.
1. New section filed 9-11-2000; operative 9-11-2000 pursuant to Government Code section 11343.4(d) (Register 2000, No. 37).
Note: Authority cited: Sections 40502 and 48025, Public Resources Code. Reference: Sections 48020 through 48028, Public Resources Code.
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