California Statutes
§ 32820. — 32820. (Added by Stats. 1980, Ch. 819, Sec. 1.)
California § 32820.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 15.5.DIVISION 15.5. STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION
Ch. 7.CHAPTER 7. Borrowing From the State
Art. 3.ARTICLE 3. Borrowing from the Fund
This text of California § 32820. (32820. (Added by Stats. 1980, Ch. 819, Sec. 1.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Financial Code - FIN Code § 32820. (2026).
Text
The corporation is authorized to borrow money from the fund, subject to the following terms and conditions:
(a)The interest rate on loans from the fund to the corporation shall be six percent per annum;
(b)The maximum term of the loans to the corporation shall be for 20 years;
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Legislative History
Added by Stats. 1980, Ch. 819, Sec. 1.
Nearby Sections
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California § 32820., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/32820..