{"code":"WAT","codeName":"Water Code","section":"12885","citation":"Wat. Code, § 12885","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 6. CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES [10000. - 12999.]","url":"https://blackletter.si/water-code/division-6"},{"name":"PART 6. WATER DEVELOPMENT PROJECTS [12570. - 12949.5.]","url":"https://blackletter.si/water-code/division-6/part-6"},{"name":"CHAPTER 5. State Financial Assistance for Local Projects [12880. - 12893.]","url":"https://blackletter.si/water-code/division-6/part-6/chapter-5"},{"name":"ARTICLE 6. Loans [12885. - 12885.9.]","url":"https://blackletter.si/water-code/division-6/part-6/chapter-5/article-6"}],"history":"Amended by Stats. 1967, Ch. 359.","effective":null,"html":"<p>The department is authorized to make state loans to public agencies for the construction of projects from moneys available for such loans. Loans in excess of four million dollars ($4,000,000) for any one project may be made by the department only upon specific approval of the Legislature, by an act enacted after the receipt of copies of the project report filed pursuant to Section <a href=\"/wat/12882\">12882</a>. 4 and upon such additional terms and conditions as the Legislature may prescribe.</p>","text":"The department is authorized to make state loans to public agencies for the construction of projects from moneys available for such loans. Loans in excess of four million dollars ($4,000,000) for any one project may be made by the department only upon specific approval of the Legislature, by an act enacted after the receipt of copies of the project report filed pursuant to Section 12882. 4 and upon such additional terms and conditions as the Legislature may prescribe.","otherVersions":[],"url":"https://blackletter.si/water-code/loans-12885","source":"California Legislative Information bulk export (pubinfo)"}