California Harbors and Navigation Code ARTICLE 5 - Recreational Marinas

  • Section 76.
    It is the intent of the Legislature that Harbors and Watercraft Revolving Fund moneys be used to implement the intent of Section 71.5 by providing...
  • Section 76.1.
    “Private marina owner” means a profit-oriented business enterprise which owns and operates, or intends to develop and operate, a small boat recreational facility providing boat...
  • Section 76.2.
    “Recreational marina” means a marina owned by a private marina owner which is used by the public primarily for recreational purposes.(Added by Stats. 1985, Ch....
  • Section 76.3.
    (a) The department may make loans to private marina owners to develop a recreational marina. Loan funds from the department may be utilized for both of...
  • Section 76.4.
    (a) An application for a loan under Section 76.3 shall be filed with the department and shall:(1) Include a feasibility study containing sufficient information and detail to...
  • Section 76.5.
    In processing applications under this article, the division shall give priority to applications from qualified private marina owners who have not received previous loans from...
  • Section 76.6.
    Loans made under this article shall include, but are not limited to, the following terms and conditions:(a) The minimum annual rate of interest charged by the...
  • Section 76.7.
    (a) All loans made by the department to private marina owners shall be funded from the Harbors and Watercraft Revolving Fund.(b) All loans, including those loans previously...
  • Section 76.8.
    The department shall adopt regulations to implement or make this article more specific, including standards for the approval of loans, which shall include, but not...
  • Section 77.
    (a) The department, subject to the approval of the Director of Finance, may borrow funds from the Harbors and Watercraft Revolving Fund when a borrower has...
  • Section 77.1.
    The department, upon whatever terms and conditions it deems proper, may sell or otherwise dispose of property serving as collateral for a defaulted loan made...

Last modified: October 22, 2018