Section 8124 - Conditions of Funds Disbursement, Funds Disbursement(a) Conditions of Funds Disbursement. The Authority shall not disburse funds unless the Applicant has executed a Loan Agreement and any other documents, as required to verify to the satisfaction of the Authority any information asserted in the Applicant's Application, and is in compliance with all conditions precedent to disbursement contained in the aforementioned agreement.(b) Funds Disbursement. The Authority shall cause funds to be disbursed as follows: (1) For Eligible Costs covered by the Loan Agreement, the Borrower shall sign and submit to the Authority either: (a) a signed invoice documenting the service or procedure performed from entities providing materials and services, or(b) documentation of pending expenditure to receive funds on a prospective basis(2) Upon receipt of the documentation described in subsection (b)(1) hereof, the Authority, in its sole discretion, shall authorize the disbursement of funds to the Borrower.Cal. Code Regs. Tit. 4, § 8124
1. New section filed 5-13-2002 as an emergency; operative 5-13-2002 (Register 2002, No. 20). Pursuant to Health and Safety Code section 44520(c) a Certificate of Compliance must be transmitted to OAL by 11-12-2002 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 5-13-2002 order transmitted to OAL 7-31-2002 and filed 9-12-2002 (Register 2002, No. 37). Note: Authority cited: Sections 44520(a) and 44520(c), Health and Safety Code. Reference: Sections 44501, 44502, 44526(g) and 44526(i), Health and Safety Code.
1. New section filed 5-13-2002 as an emergency; operative 5-13-2002 (Register 2002, No. 20). Pursuant to Health and Safety Code section 44520(c) a Certificate of Compliance must be transmitted to OAL by 11-12-2002 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 5-13-2002 order transmitted to OAL 7-31-2002 and filed 9-12-2002 (Register 2002, No. 37).