Cal. Code Regs. tit. 25 § 8267

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 8267 - Repayment

A direct loan shall be amortized to be fully repaid by the end of the loan term, except that principal and/or interest payments may be deferred during construction and initial project start up period so long as the deferral or reduced payment does not result in a balloon payment at the end of the loan term. Late charges on principal and interest payments may be charged as permitted by law.

Cal. Code Regs. Tit. 25, § 8267

1. New section filed 4-16-99 as an emergency; operative 4-16-99 (Register 99, No. 16). A Certificate of Compliance must be transmitted to OAL by 10-13-99 pursuant to Education Code section 8277.6 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 10-1-99 as an emergency; operative 10-13-99 (Register 99, No. 40). A Certificate of Compliance must be transmitted to OAL by 2-10-2000 or emergency language will be repealed by operation of law on the following day.
3. Repealed by operation of Government Code section 11346.1(g) (Register 2000, No. 9).
4. New section filed 2-2-2001; operative 2-2-2001 pursuant to Government Code section 11343.4(c) (Register 2001, No. 5).

Note: Authority cited: Section 8277.6(g), Education Code. Reference: Sections 8277.5(e)(3), 8277.6(b) and (g), Education Code.