AB 2777: State Water Pollution Control Revolving Fund program: loans: outdoor eating areas: water reuse.

This bill would amend the state water pollution control revolving fund program to allow the state water resources control board to assess fees in place of an annual charge for financial assistance. The fees or annual charge can be assessed at any rate permitted by federal law. The bill would also delete the provision prohibiting the changing of the financial assistance rate during the financial assistance and the increasing of the financial assistance repayment amount. The bill would require loans to be made at below market interest rates. The combined interest and loan service rate would no longer be set at a rate not to exceed 50% of the interest rate paid by the state on the most recent sale of state general obligation bonds. The bill would change the definition of "incidental runoff" to include unintended amounts of runoff, such as overspray from sprinklers that escapes the area of…