California Legal Codes and Statutes

§ 32820

Added by Stats. 1980, Ch. 819, Sec. 1.

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;

Cite this section

Cal. Fin. Code § 32820 (2026)
https://ca.codecond.com/codes/fin/division-15-5-state-assistance-fund-for-enterprise-business-and-industrial-development-corporation/chapter-7-borrowing-from-the-state/article-3-borrowing-from-the-fund/section-32820

Other sections in Article 3 - Borrowing from the Fund

§ 32820§ 32820.5§ 32821§ 32822§ 32823

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