SECTIONS 25435-25436 - California Statutes

PUBLIC RESOURCES CODE

SECTION 25435-25436

25435. The commission shall administer the Small Business Energy
Efficient Refrigeration Loan Program, as provided for in Section
25436.

25436. (a) Within 45 days of the effective date of this chapter,
the commission shall implement a Small Business Energy Efficient
Refrigeration Loan Program for qualifying small businesses to
purchase and install energy efficient refrigeration equipment.
(b) The program shall offer loans at 3 percent interest on terms
that will ensure the small business owner will repay the loan over
time in accordance with terms established by the Energy Commission,
but in no event may the term exceed the useful life of the purchase.
(c) The commission may enter into agreements with lending
institutions and qualifying vendors to facilitate making and
administering loans. Any loan made by the commission for the purchase
of equipment shall be secured against the equipment purchased.