{"data":{"id":"us-ca/fin-32820","jurisdiction":"us-ca","citation":"FIN § 32820","heading":"","body":"The corporation is authorized to borrow money from the fund, subject to the following terms and conditions:\n(a) The interest rate on loans from the fund to the corporation shall be six percent per annum;\n(b) The maximum term of the loans to the corporation shall be for 20 years;","path":["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.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"08d6f6038ceeb0e41cf82237ca2b11f5aea1410f1030f5be9a6c22aecb9f28fd","source_id":"us-ca","stale":false,"prev":"us-ca/fin-32814","next":"us-ca/fin-32820.5"},"notice":"GroundRules: Original legal text. Not legal advice."}