If you're applying for a construction loan under this rule, you need to provide a few key things: a description of the facilities you want to build, an explanation of why they are needed and why normal funding options aren't possible, a repayment plan, and any other details the state board asks for.

This law section outlines the conditions under which a state board can decide to lend money to a public agency for building facilities. The state board must first consult with the State Department of Health to determine several things: the facilities must be necessary for the health or welfare of the state's residents; the facilities must meet the applicant's needs; the public agency must not have available funds, and getting private funding would be too difficult or costly; the repayment plan for the loan must be workable.

Additionally, if the facilities are meant to prevent water pollution, produce recycled water, or conserve water efficiently, these aspects must also be justified. Once these conditions are met and with approval from the Director of Finance, a loan can be granted.

This law section says that any loan given to a public agency by the state board must be accompanied by an agreement. In this agreement, the public agency promises to pay back the loan, including interest, within 25 years. The interest rate is set at half of what the state paid on its general obligation bonds the year before the loan agreement is made.

This law emphasizes that when the state provides construction loans, priority should be given to public agencies that are planning to build facilities in areas where further building has been stopped by health department orders or where such orders are being considered. However, these agencies must still meet all other legal requirements.

When the state receives money from loan repayments under this specific program, it must be sent to the State Treasurer and added to a particular fund.

This law allows the state board to give loans to public agencies to cover up to half the cost of studies related to waste water reclamation. The total amount loaned can't exceed $200,000 per year, with a maximum of $50,000 per public agency annually. If there's less than $2 million available for loans, only 10% of the funds can be used for these studies. Applications must meet the state board's requirements. Loans must be repaid within 10 years, with interest determined as outlined in another section.

Before a public agency can get a construction loan contract with the state board, it must hold an election to get public approval. More than half of the people who vote must be in favor for the contract to proceed.

This law outlines how elections should be conducted when a public agency wants to take on debt through bonds. If there's no specific procedure for bond elections, the agency should follow the Revenue Bond Law of 1941 guidelines. There is no required ballot format, but ballots must clearly state the purpose of the contract, the maximum loan from the state, and include options for "Execution of contract—Yes" or "No." A notice must inform voters of the election’s details, including time, place, purpose, and borrowing amount. Generally, the election covers the entire public agency unless it's only a specific part of it that is involved with the contract.

This law states that there is a two-year break from paying part of the principal and interest on state loans for certain public utility districts in North Tahoe, Tahoe City, South Tahoe, Truckee, Squaw Valley, and Alpine Springs. This break is because these districts lost property tax revenue due to a change in the state constitution. However, if money is available from other state funds or bonds issued before a certain date, these payments must proceed. Interest will still accrue during the break and must be paid later. This law does not affect immediate or accelerated repayments required by a separate legal judgment for the Tahoe City Public Utility District.