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Ch. 352Water and Irrigation1521 <br />of funds made available by it.Theboard shall not disburse any moneysfor the <br />ANY <br />loan authorized by subsection (1) of this section unless anduntil it is satisfied, at <br />IN <br />itssolediscretion,thattherecipient of the loan will be able to make <br />ANY SUCH <br />repayment pursuant to the terms and conditionsestablished by the board and by <br />subsection (1) of thissection. <br />Thisactshall takeeffect upon passage; except <br />SECTION 27.Effective date. <br />that section 20 of thisact shall takeeffect only if HouseBill07-1130 isenacted at <br />the first regular session of the sixty-sixth general assembly and becomes law. <br />The generalassemblyhereby finds, determines, <br />SECTION 28.Safety clause. <br />anddeclares thatthis actis necessaryfor the immediate preservation of the public <br />peace, health, and safety. <br />Approved: May 31, 2007 <br />