California Code
DIVISION 27 - CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY ACT
CHAPTER 1 - California Pollution Control Financing Authority

ARTICLE 1 - General Provisions and Definitions

Section 44500. - 44500. This division may be cited as the California Pollution...

Section 44501. - 44501. The Legislature finds and declares all of the following:...

Section 44502. - 44502. It is the purpose of this division to carry...

Section 44503. - 44503. Unless the context otherwise requires, the definitions in this...

Section 44504. - 44504. “Authority” means the California Pollution Control Financing Authority established...

Section 44504.1. - 44504.1. “Brownfield site” means a real estate parcel or improvements...

Section 44505. - 44505. “Cost” as applied to a project or portion thereof...

Section 44506. - 44506. “Participating party” means any person, company, corporation, public agency,...

Section 44507. - 44507. “Pollution” means an alteration of the quality of the...

Section 44508. - 44508. “Project” and “pollution control facility,” respectively, mean any land,...

Section 44509. - 44509. “Public agency” means any state agency, board, or commission,...

Section 44510. - 44510. “Revenues” means all rents, receipts, purchase payments and all...

Section 44511. - 44511. “Renewable energy resource device” means any device, or any...

Section 44512. - 44512. “Energy conservation program” means any program which utilizes techniques...

ARTICLE 2 - Organization of Authority

Section 44515. - 44515. There is in the state government the California Pollution...

Section 44516. - 44516. All members of the authority shall serve thereon without...

Section 44517. - 44517. The authority shall have and is hereby vested with...

Section 44518. - 44518. The authority shall maintain an office in the City...

Section 44519. - 44519. The authority may employ an executive director and any...

Section 44520. - 44520. (a) The authority shall, in accordance with Chapter 3.5...

Section 44521. - 44521. (a) The Attorney General shall be the legal counsel...

Section 44522. - 44522. The authority is authorized and empowered: (a) To adopt...

ARTICLE 3 - Projects

Section 44525. - 44525. The authority may charge reasonable application and project fees...

Section 44525.7. - 44525.7. (a) Commencing in 2002, and annually thereafter, the authority...

Section 44525.7. - 44525.7. Commencing in 2002, and annually thereafter, the authority shall...

Section 44526. - 44526. The authority is authorized to do any of the...

ARTICLE 4 - General Powers and Duties

Section 44530. - 44530. All expenses incurred in carrying out the provisions of...

Section 44531. - 44531. (a) All projects shall be constructed or completed subject...

Section 44532. - 44532. When the principal of and interest on bonds of...

Section 44534. - 44534. (a) The authority shall take initial action on any...

Section 44536. - 44536. The authority may approve financing for a pollution control...

Section 44537. - 44537. The authority shall take all reasonable steps to publicize...

Section 44537.5. - 44537.5. The authority shall provide the maximum opportunity for the...

Section 44538. - 44538. The authority, no later than March 31 of each...

Section 44539. - 44539. An applicant for financing for a project involving a...

ARTICLE 5 - Bonds and Notes

Section 44540. - 44540. The authority is authorized to incur indebtedness and to...

Section 44541. - 44541. At such times as the authority desires to issue...

Section 44542. - 44542. (a) (1) The authority is authorized from time to...

Section 44543. - 44543. (a) In the discretion of the authority, any bonds...

Section 44544. - 44544. Bonds issued under the provisions of this division shall...

Section 44545. - 44545. (a) The authority may provide for the issuance of...

Section 44548. - 44548. (a) (1) Subject to any prior contractual obligations to...

Section 44549. - 44549. Any funds of the authority, including proceeds from the...

ARTICLE 6 - Construction and Leases of Facilities

Section 44550. - 44550. The authority may contract with any participating party for...

Section 44551. - 44551. The authority may, as lessor or lessee, enter into...

Section 44552. - 44552. The authority may enter into contracts of sale with...

Section 44552.5. - 44552.5. (a) As an alternative to leasing or selling a...

Section 44553. - 44553. All moneys received pursuant to the provisions of this...

Section 44554. - 44554. Any holder of bonds, notes, or other obligations issued...

Section 44555. - 44555. The exercise of the powers granted by this division...

Section 44556. - 44556. The authority shall not be required to pay any...

Section 44557. - 44557. Subject to Section 44562, the existence of the authority...

ARTICLE 7 - California Investment and Innovation Program

Section 44558. - 44558. For purposes of this article: (a) “Administration expenses” means...

Section 44558.1. - 44558.1. (a) (1) The authority shall establish the California Investment...

Section 44558.2. - 44558.2. (a) When funding is available, the authority shall make...

Section 44558.3. - 44558.3. (a) Prior to receiving any grant funds under this...

Section 44558.4. - 44558.4. (a) Notwithstanding any other law, including subdivision (a) of...

Section 44558.5. - 44558.5. (a) The authority shall adopt guidelines for annual reporting...

ARTICLE 8 - Capital Access Loan Program for Small Businesses

Section 44559. - 44559. (a) The Legislature finds and declares that small businesses...

Section 44559.1. - 44559.1. As used in this article, unless the context requires...

Section 44559.2. - 44559.2. (a) The authority may contract with any financial institution...

Section 44559.3. - 44559.3. (a) The authority shall establish a loss reserve account...

Section 44559.4. - 44559.4. (a) If a financial institution that is participating in...

Section 44559.5. - 44559.5. (a) The authority shall establish procedures under which financial...

Section 44559.6. - 44559.6. The authority shall annually prepare a report to the...

Section 44559.7. - 44559.7. The authority may enter into agreements with commercial banks...

Section 44559.8. - 44559.8. Notwithstanding this article, the authority may facilitate the development...

Section 44559.9. - 44559.9. The authority shall expand the Capital Access Loan Program...

Section 44559.11. - 44559.11. (a) It is the intent of the Legislature to...

Section 44559.12. - 44559.12. (a) Consistent with subdivision (b) of Section 44559.11, the...

Section 44559.13. - 44559.13. (a) It is the intent of the Legislature in...

Section 44559.14. - 44559.14. (a) (1) It is the intent of the Legislature...