(a) A complete loan application shall include all of the following:
(1) Evidence of eligibility.
(2) An environmental audit, as specified in Section 5260 of Title 10 of the California Code of Regulations.
(3) Financial and legal documents necessary to demonstrate the applicant’s ability to repay and provide collateral for the loan. The board shall develop a standard list of documents required of all applicants, and may also request from individual applicants additional financial and legal documents not provided on this list.
(4) An explanation of the reasons why the project tank is not in compliance with applicable local, state, or federal standards, and evidence that tanks not included in the list of project tanks are currently in compliance with applicable local, state, or federal standards.
(5) A detailed cost estimate of the tasks that are required to be completed in order for the project tanks to comply with applicable local, state, or federal standards.
(6) Any other information that the board determines to be necessary to include in an application form.
(b) Notwithstanding paragraph (4) of subdivision (a), the board may not refuse to grant a loan to an applicant solely because the applicant has failed to obtain a permit pursuant to the requirements of Chapter 6.7 (commencing with Section 25280).
(Amended by Stats. 2013, Ch. 640, Sec. 4. (SB 763) Effective January 1, 2014. Repealed as of January 1, 2022, pursuant to Section 25299.117.)
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