SALT Report 2551 – The California Alternative Energy and Advanced Transportation Financing Authority announced that Article 3 Section 10050 of Division 13 of Title 4 of the California Code of Regulations has been approved and filed with the Secretary of State.
The regulation establishes the rules, process, and procedures for acceptance into the Clean Energy Upgrade Financing Program. Additionally, the new regulation provides the eligibility requirements and evaluation criteria all loans must meet in order for participating financial institutions to qualify and receive a loan loss reserve contribution.
The rules are effective May 27, 2013.
For Further Information