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Bill would let some resident‑ or nonprofit‑owned mobile‑home‑park water systems access longer, cheaper state loans
Summary
Legislation expands Title 24 loan eligibility to include certain privately owned nonprofit or resident‑owned mobile‑home‑park community water systems, offering up to 40‑year terms and potentially very low or even negative net rates for qualifying systems subject to income and occupancy thresholds.
Legislative Council counsel walked the committee through policy language that would expand the State’s existing advantaged‑loan program to cover eligible mobile‑home‑park community water systems. The change updates statutory definitions to include privately owned, nonprofit or resident‑owned mobile‑home‑park systems that meet registration and occupancy/use thresholds.
Counsel read the statutory possibility verbatim: “A…
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