{"code":"HSC","codeName":"Health and Safety Code","section":"80505","citation":"Health & Saf. Code, § 80505","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 45. HAZARDOUS SUBSTANCE RESPONSE [78000. - 81050.]","url":"https://blackletter.si/health-and-safety-code/division-45"},{"name":"PART 2. HAZARDOUS SUBSTANCE ACCOUNT [78000. - 81050.]","url":"https://blackletter.si/health-and-safety-code/division-45/part-2"},{"name":"CHAPTER 10. Cleanup Loans and Environmental Assistance to Neighborhoods [80200. - 80625.]","url":"https://blackletter.si/health-and-safety-code/division-45/part-2/chapter-10"},{"name":"ARTICLE 8. Conditions for Loan Approval [80500. - 80505.]","url":"https://blackletter.si/health-and-safety-code/division-45/part-2/chapter-10/article-8"}],"history":"Added by Stats. 2022, Ch. 257, Sec. 2.   (AB 2293)   Effective January 1, 2023.   Operative January 1, 2024, pursuant to Sec. 4 of Stats. 2022, Ch. 257.","effective":"2023-01-01","html":"<p>The department shall not approve a loan pursuant to Article 7 (commencing with Section <a href=\"/hsc/80480\">80480</a>) if the total debt against the eligible property subject to the release or threatened release of a hazardous material on which the response action will be taken exceeds 80 percent of the estimated value of the property after all necessary response actions are complete.</p>","text":"The department shall not approve a loan pursuant to Article 7 (commencing with Section 80480) if the total debt against the eligible property subject to the release or threatened release of a hazardous material on which the response action will be taken exceeds 80 percent of the estimated value of the property after all necessary response actions are complete.","otherVersions":[],"url":"https://blackletter.si/health-and-safety-code/conditions-for-loan-approval-80505","source":"California Legislative Information bulk export (pubinfo)"}