California § 44559.8. 44559.8. (Added by Stats. 1999, Ch. 756, Sec. 4.)

California Statutes

§ 44559.8. — 44559.8. (Added by Stats. 1999, Ch. 756, Sec. 4.)

California § 44559.8.

JurisdictionCalifornia

Code HSCHealth and Safety Code - HSC

Div. 27.DIVISION 27. CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY ACT

Ch. 1.CHAPTER 1. California Pollution Control Financing Authority

Art. 8.ARTICLE 8. Capital Access Loan Program for Small Businesses

This text of California § 44559.8. (44559.8. (Added by Stats. 1999, Ch. 756, Sec. 4.)) 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. Health and Safety Code - HSC Code § 44559.8. (2026).

Text

Notwithstanding this article, the authority may facilitate the development of a secondary market for a loan enrolled in the capital access loan program by providing security for that loan, thereby increasing participation in the program by financial institutions and improving access to capital for small businesses.  For purposes of this section, the actions that the authority may take include, but are not necessarily limited to, assigning all, or a portion of, any loss reserve account to any other entity in connection with providing security for a loan, including a trustee of a securitization trust, transferring an enrolled loan from a participating financial institution to a securitization trust, and assisting underwriters in marketing a loan to the secondary market.

Free access — add to your briefcase to read the full text and ask questions with AI

Notwithstanding this article, the authority may facilitate the development of a secondary market for a loan enrolled in the capital access loan program by providing security for that loan, thereby increasing participation in the program by financial institutions and improving access to capital for small businesses. For purposes of this section, the actions that the authority may take include, but are not necessarily limited to, assigning all, or a portion of, any loss reserve account to any other entity in connection with providing security for a loan, including a trustee of a securitization trust, transferring an enrolled loan from a participating financial institution to a securitization trust, and assisting underwriters in marketing a loan to the secondary market.