Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 32820 — California Law | CourtGPT
  1. Home/
  2. Laws/
  3. California/
  4. Fin Code/
  5. Division 15.5 - State Assistance Fund for Enterprise, Business and Industrial Development Corporation/
  6. Chapter 7 - Borrowing From the State/
  7. Article 3 - Borrowing From the Fund/
  8. § 32820
California Legal Code

§ 32820

Ask AI about this
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 the corporation shall be six percent per annum;(b) The maximum term of the loans to the corporation shall be for 20 years;(Added by Stats. 1980, Ch. 819, Sec. 1.)