California Code of Regulations
Title 14 - Natural Resources
Division 7 - Department of Resources Recycling and Recovery
Chapter 4 - Resource Conservation Programs
Article 1.2 - Leveraging the Recycling Market Development Zone Revolving Loan Fund
Section 17939.2 - Definition

Universal Citation: 14 CA Code of Regs 17939.2
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

"Leverage" and "leveraging" means the expenditure, lending, investment or other uses of funds from the Recycling Market Development Revolving Loan Program Subaccount (Public Resources Code Section 42023.1) in a manner that generates or facilitates the generation of financial capital that is made available as loans to borrowers eligible for loans under the Board's Recycling Market Development Revolving Loan Program as described in Article 1.1 of this Chapter. Leveraging programs increase the number and value of loans for specified purposes beyond that which the Board, acting alone, could make. Typical examples of leveraging include, without limitation, pooling funds by multiple entities under specified arrangements to create a greater supply of loan capital for eligible borrowers, loan guarantee programs where an entity guarantees all or a portion of an eligible loan, and insurance where an entity assures that a loan will be repaid in a timely manner.

1. New section filed 10-18-2005; operative 11-17-2005 (Register 2005, No. 42).

Note: Authority cited: Section 40502, Public Resources Code. Reference: Sections 40506.1, 42023.1, 42023.6 and 42024, Public Resources Code.

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