Section 25474.5 - Repayment deposited in Energy Efficiency Retrofit State Revolving Fund; recovery of costs through interest earnings(a) Notwithstanding Section 39718 of the Health and Safety Code, any repayment of loans made pursuant to this chapter from the Energy Efficiency Retrofit State Revolving Fund, including interest payments, and all interest earnings on or accruing to, any money resulting from the implementation of this chapter in the Energy Efficiency Retrofit State Revolving Fund, shall be deposited in that fund and shall be available for the purposes of this chapter.(b) The department may recover costs of administering the projects and related costs through interest earnings up to 5 percent of the project loan amounts. Project costs can include energy efficiency improvements and costs associated with managing the project and administering the loan program, including all reporting requirements.Ca. Pub. Res. Code § 25474.5
Added by Stats 2014 ch 36 (SB 862),s 18, eff. 6/20/2014.