California Code of Regulations
Title 14 - Natural Resources
Division 7 - Department of Resources Recycling and Recovery
Chapter 5 - Enforcement of Solid Waste Standards and Administration of Solid Waste Facility Permits; Loan Guarantees
Article 6 - Criteria, Priority and Administration of the Loan Guarantee Program Provided Pursuant to the Waste Disposal Site Hazard Reduction Act of 1987
Section 18413 - Conditions of Guarantee
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
The Board shall honor its guarantee to a lender if:
(a) The debtor is in default of the note, as defined in section 18400(c).
(b) The lender has met the conditions for the issuance of the guarantee and has observed the lender's reporting and collection requirements as specified in sections 18410 and 18411.
(c) The lender has complied with the terms of the loan guarantee contract.
1. New section filed 4-2-90; operative 5-2-90 (Register 90, No. 14).
2. Change without regulatory effect amending section filed 5-17-91 pursuant to section 100, title 1, California Code of Regulations (Register 91, No. 27).
Note: Authority cited: Sections 46201 and 40502, Public Resources Code. Reference: Sections 46350- 46353, Public Resources Code.
