ARTICLE 2. Transportation and Assistive Technology Loan Guarantees
Heading of Article 2 amended by Stats. 2005, Ch. 549, first Sec. 1.
§§ 19460–19471 · 12 sections
- § 19460 (a) There is in the State Treasury a permanent revolving fund to be known as the Rehabilitation Revolving Loan Guarantee Fund, and to be administered by the…
- § 19461 As used in this article, the following definitions apply: (a) “Department” means the Department of Rehabilitation. (b) “Eligible persons” means any of the…
- § 19462 The department shall serve as a state loan guarantee agency to guarantee loans and to administer a guaranteed loan program established pursuant to this…
- § 19463 State guaranteed loans made pursuant to this article shall be made without regard to race, religion, creed, or sex.
- § 19464 The total amount of all outstanding debts, obligations, and liabilities which may be incurred or created under this article is limited to the amount contained…
- § 19465 In the event that the amount of loans applied for under this article exceeds the amount of the loans that may be guaranteed pursuant to this article, the…
- § 19466 The State Treasurer shall invest, pursuant to statute, any surplus money in the Rehabilitation Revolving Loan Guarantee Fund. The interest or other accretions…
- § 19467 The funds in the Rehabilitation Revolving Loan Guarantee Fund shall be paid out by the State Treasurer on warrants drawn by the Controller and requisitioned by…
- § 19468 The department shall encourage private eligible lenders to participate in the guaranteed loan program established by this article, and shall develop and…
- § 19469 No loan in excess of fifty thousand dollars ($50,000) shall be made to any eligible person pursuant to this article.
- § 19470 The department shall adopt regulations not inconsistent with this article that, among other things, shall establish criteria for determining eligibility for…
- § 19471 (a) The department may apply for a federal grant award through the federal alternative financing program established pursuant to subparagraph (D) of paragraph…