California Financial Code ARTICLE 3 - Borrowing from the Fund

• Section 32820.
  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...
• Section 32820.5.
  Upon approval of the corporation to exercise the powers of a small business development corporation pursuant to Section 32352, the corporation shall cease to be...
• Section 32821.
  The corporation shall make application in writing to the Controller for loans from the fund.(Added by Stats. 1980, Ch. 819, Sec. 1.)
• Section 32822.
  Within five working days after receipt of an application from the corporation for a loan from the fund, the Controller shall disburse the proceeds of...
• Section 32823.
  If the Controller finds either subdivision (a) or (b) of Section 32822 to be the case, the Controller shall deny the loan application of the...

Last modified: October 22, 2018