California Welfare and Institutions Code ARTICLE 2 - Transportation and Assistive Technology Loan Guarantees

• Section 19460.
  (a) There is in the State Treasury a permanent revolving fund to be known as the Rehabilitation Revolving Loan Guarantee Fund, and to be administered by...
• Section 19461.
  As used in this article, the following definitions apply:(a) “Department” means the Department of Rehabilitation.(b) “Eligible persons” means any of the following, provided that household income does...
• Section 19462.
  The department shall serve as a state loan guarantee agency to guarantee loans and to administer a guaranteed loan program established pursuant to this article....
• Section 19463.
  State guaranteed loans made pursuant to this article shall be made without regard to race, religion, creed, or sex.(Added by Stats. 1980, Ch. 810, Sec.
• Section 19464.
  The total amount of all outstanding debts, obligations, and liabilities which may be incurred or created under this article is limited to the amount contained...
• Section 19465.
  In the event that the amount of loans applied for under this article exceeds the amount of the loans that may be guaranteed pursuant to...
• Section 19466.
  The State Treasurer shall invest, pursuant to statute, any surplus money in the Rehabilitation Revolving Loan Guarantee Fund. The interest or other accretions as a...
• Section 19467.
  The funds in the Rehabilitation Revolving Loan Guarantee Fund shall be paid out by the State Treasurer on warrants drawn by the Controller and requisitioned...
• Section 19468.
  The department shall encourage private eligible lenders to participate in the guaranteed loan program established by this article, and shall develop and distribute in cooperation...
• Section 19469.
  No loan in excess of fifty thousand dollars ($50,000) shall be made to any eligible person pursuant to this article.(Amended by Stats. 2005, Ch. 549,...
• Section 19470.
  The department shall adopt regulations not inconsistent with this article that, among other things, shall establish criteria for determining eligibility for loans in the guarantee...
• Section 19471.
  (a)  The department may apply for a federal grant award through the federal alternative financing program established pursuant to subparagraph (D) of paragraph (2) of...

Last modified: October 22, 2018