§ 8020. Terms/Definitions.

The following terms and definitions shall be used in the manner described below, when used in this Chapter.

(a) “Act” means the California Pollution Control Financing Authority Act, Division 27, commencing with Section 44500 of the Health and Safety Code.

(b) “Applicant” means the person, company, corporation, partnership, entity or group of entities requesting financing pursuant to Section 8031 of these Regulations.

(c) “Authority” means the California Pollution Control Financing Authority.

(d) “Authority Fund” means the California Pollution Control Financing Authority Fund.

(e) “Bonds” means any negotiable bonds, notes, debentures, or other securities which the Authority is authorized to issue pursuant to the Act.

(f) “Chair” or “Chairman” means the Chairman of the California Pollution Control Financing Authority.

(g) “Conventional loan” means any loan agreement, note or other evidence of indebtedness entered into with or issued by an applicant to a bank, thrift or other financial institution or firm which is regularly in the business of extending credit, and which is not related to the applicant.

(h) “Effective Interest Rate” means the actual cost payable by an applicant to obtain financing. The cost includes the cost of issuing the bond or completing a conventional loan, cost of obtaining a letter of credit, surety, insurance policy or other credit enhancement, and the interest rate payable on the bond or conventional loan.

(i) “Executive Director” means the Executive Director of the California Pollution Control Financing Authority.

(j) “Member” means a member of the California Pollution Control Financing Authority.

(k) “Request” means the application form and documents related thereto on which the Authority accepts requests for financing.

(l) “Small Business” means any person, company, corporation, partnership or entity that is classified as a small business pursuant to any of the size standards set forth in Title 13, Code of Federal Regulations, Part 121, Subpart A (1-1-94 Edition), which are incorporated herein by reference, or any person, company, corporation, partnership or entity that (together with affiliates) employs no more than 500 employees.

(m) “Small Business Assistance Fund” means the fund established by the Authority in Section 8041 pursuant to Health and Safety Code Section 44548.

HISTORY

1. Amendment of subsection (a) filed 3-8-74; effective thirtieth day thereafter (Register 74, No. 10).

2. Amendment filed 2-17-77; effective thirtieth day thereafter (Register 77, No. 8).

3. Amendment filed 2-21-80; effective thirtieth day thereafter (Register 80, No. 8).

4. Amendment filed 6-3-83; effective thirtieth day thereafter (Register 83, No. 23).

5. Amendment filed 7-3-86; effective upon filing pursuant to Government Code section 11346.2(d) (Register 86, No. 27).

6. Amendment of subsection (k) filed 3-19-92 as an emergency; operative 3-19-92 (Register 92, No. 13). A Certificate of Compliance must be transmitted to OAL 7-17-92 or emergency language will be repealed by operation of law on the following day.

7. Certificate of Compliance as to 3-19-92 order transmitted to OAL 7-30-92 and filed 9-9-92 (Register 92, No. 37).

8. Amendment of subsection (k) filed 4-8-93 as an emergency; operative 4-8-93 (Register 93, No. 15). A Certificate of Compliance must be transmitted to OAL 10-5-93 pursuant to Health and Safety Code section 44520 or emergency language will be repealed by operation of law on the following day.

9. Certificate of Compliance as to 4-8-93 order transmitted to OAL 8-10-93 and filed 9-7-93 (Register 93, No. 37).

10. Editorial correction of History 8 (Register 93, No. 37).

11. Amendment filed 1-31-94 as an emergency; operative 1-31-94 (Register 94, No. 5). A Certificate of Compliance must be transmitted to OAL by 7-30-94, pursuant to Health and Safety Code section 44520, or emergency language will be repealed by operation of law on the following day.

12. Amendment refiled 7-21-94 as an emergency, including additional amendment of subsection ( l); operative 7-31-94 (Register 94, No. 29). A Certificate of Compliance must be transmitted to OAL by 1-27-95 pursuant to Health and Safety Code section 44520 or emergency language will be repealed by operation of law on the following day.

13. Certificate of Compliance as to 7-21-94 order including amendment of subsection ( l) transmitted to OAL 1-26-95 and filed 3-9-95 (Register 95, No. 10).

Note

Note: Authority cited: Section 44520, Division 27, Health and Safety Code. Reference: Sections 44520, 44526 and 44548, Division 27, Health and Safety Code.