California Code of Regulations › Title 9 - Rehabilitative and Developmental Services › Division 3 - Department of Rehabilitation › Chapter 7 - Special Programs › Article 3 - Loan Guarantee Programs › Section 7263 - Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) For the
				  purposes of this article, the following definitions shall apply:
(1) "Assistive Technology Loan Guarantee Program"
				  means the program established pursuant to Sections
				  19850
				  through
				  19856,
				  Welfare and Institutions Code.
(2)
				  "Eligible lender" means a financial institution organized, chartered, or holding a
				  license or authorization certificate under a law of this state or the United States
				  to make loans or extend credit and subject to supervision by an official or agency
				  of this state or the United States.
(3)
				  "Eligible persons" means any of the following provided that household income does
				  not exceed the level prescribed for moderate-income families by the Department of
				  Housing and Community Development pursuant to Section
				  50093 of
				  the Health and Safety Code:
(A) Parents or legal
				  guardians of children of any age with disabilities who are living in the home and
				  who require a modified vehicle for mobility, as certified by a physician or the
				  Department.
(B) Persons with
				  disabilities who require a modified vehicle for mobility, as certified by a
				  physician or the Department, and who have been found ineligible for vocational
				  rehabilitation services from the Department or who are eligible for vocational
				  rehabilitation services but have been placed on the Department's order of selection
				  waiting list pursuant to Section
				  7053. The person shall be employed and
				  require a vehicle to maintain that employment.
(4) "Household income" means the net income
				  received by the individuals specified in either (A), (B), or (C). Net income is the
				  amount of income received after deductions for such items as income tax
				  withholdings, state disability insurance, health insurance premiums, or retirement.
				  In the case of an employer, net income is the amount of income received after
				  deductions for all expenses and any items specified above.
(A) When the loan is for an item for the primary
				  benefit of a child with a disability, the income received by or on behalf of the
				  child as well as the income of any person living with the child who contributes to
				  his/her support shall be considered household income.
(B) Except as specified in (C), when the loan is
				  for an item for the primary benefit of an adult, the income received by that person
				  and that person's spouse, or other adult with whom that person voluntarily shares
				  income or financial responsibility, shall be considered household income.
(C) When an employer is applying for the loan in
				  accordance with Section
				  7264.4(a)(1)(C), the
				  employer's income shall be considered the household income.
(5) "Loan guarantee agreement" means the
				  contractual agreement between the lender and the Department which specifies the
				  terms of the loan guarantee and the conditions under which the Department may
				  terminate a loan guarantee.
(6) "Program
				  Administrator" means the Department's designee who reviews and approves applications
				  for the programs.
(7) "Transportation
				  Loan Guarantee Program" means the program established pursuant to Sections
				  19460
				  through
				  19470,
				  Welfare and Institutions Code.