California Public Resources Code 25412.5 – The commission shall take steps to solicit loan applications to do …
Current as of: 2024 | Check for updates
|
Other versions
The commission shall take steps to solicit loan applications to do all of the following:
(a) Encourage an equitable distribution of loans statewide.
Terms Used In California Public Resources Code 25412.5
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
(b) Award loans for eligible energy projects or measures in regions with high summer peak loads, with high heating costs, or that have electrical or natural gas system distribution constraints.
(c) Place an emphasis on offering these loans in disadvantaged communities.
(Amended by Stats. 2021, Ch. 226, Sec. 3. (AB 33) Effective January 1, 2022. Repealed as of January 1, 2028, pursuant to Section 25421.)