§ 8058. Loan Disbursement.

Latest version.

Following the execution of a Loan Agreement, compliance with all conditions precedent to disbursement contained in the Loan Agreement and the issuance of an Authorization, the Coordinator shall disburse funds as follows:
(a) The Borrower shall sign and submit to the Coordinator invoices from entities providing materials and services for Eligible Costs covered by the Loan Agreement.
(b) Upon receipt of the signed invoice, the Coordinator shall authorize the disbursement of Loan funds to the Borrower.

HISTORY

1. New section filed 10-11-94; operative 11-10-94 (Register 94, No. 41).

Note

Note: Authority cited: Section 44520(a), Health and Safety Code. Reference: Sections 44533(b) and 44548(c), Health and Safety Code.

                    
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