Section 76.4. (Added by Stats. 1985, Ch. 1307, Sec. 2.)
Cite as: Cal. Harb. & Nav. Code §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 demonstrate that the project is engineeringly and financially feasible.
(2)Be processed with due diligence, giving consideration to the needs of the borrower and the interest of the public in preserving the integrity of the Harbors and Watercraft Revolving Fund.
(3)Include evidence of compliance with the California Environmental Quality Act (Division 13 (commencing with Section 21000) of the Public Resources Code).
(4)Include all costs incurred by the applicant in processing and obtaining loan proceeds.
(b)The costs of brokerage fees, planning studies, and all other costs for the preparation of the loan application shall be borne by the applicant.