GroundRules
FIN § 32820
Where this section sits in the code
- Financial Code - FIN
- DIVISION 15.5. STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION [32000. - 32823.]
- CHAPTER 7. Borrowing From the State [32810. - 32823.]
- ARTICLE 3. Borrowing from the Fund [32820. - 32823.]
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;
Collected 2026-09-14T05:56:33Z. Source file · JSON