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ARTICLE 1 - Introduction
Section 63088. - 63088. (a) This chapter shall be known, and may be...
Section 63088.1. - 63088.1. The Legislature finds all of the following: (a) Small...
ARTICLE 2 - Definitions
Section 63088.3. - 63088.3. Unless the context otherwise requires, the definitions in this...
ARTICLE 3 - Purpose
Section 63088.5. - 63088.5. (a) There is within the Governor’s Office of Business...
Section 63088.6. - 63088.6. To implement its responsibilities, a corporation shall undertake program...
ARTICLE 4 - Administrative Structure
Section 63089. - 63089. The bank board shall adopt directives and requirements concerning...
Section 63089.1. - 63089.1. (a) The program manager acting under the guidance of...
Section 63089.2. - 63089.2. (a) The use of state funds paid out to...
Section 63089.3. - 63089.3. (a) The program manager may temporarily suspend the guarantee...
Section 63089.4. - 63089.4. The bank is authorized to: (a) Approve new corporations...
ARTICLE 5 - Expansion Fund and Trust Fund
Section 63089.5. - 63089.5. (a) There is hereby continued in existence in the...
Section 63089.51. - 63089.51. (a) All money deposited in the expansion fund is...
Section 63089.52. - 63089.52. (a) The program manager, at his or her discretion,...
Section 63089.53. - 63089.53. Except as specified in subdivision (b) of Section 63089.54,...
Section 63089.54. - 63089.54. (a) There is hereby created in the State Treasury...
Section 63089.55. - 63089.55. The Director of Finance, with the approval of the...
Section 63089.56. - 63089.56. (a) The funds in the expansion fund shall be...
Section 63089.57. - 63089.57. Pursuant to this chapter and any directives and requirements...
Section 63089.58. - 63089.58. Each trust fund account shall consist of a loan...
Section 63089.59. - 63089.59. (a) The financial institution or financial company that is...
Section 63089.60. - 63089.60. (a) The program manager shall recommend whether the expansion...
Section 63089.61. - 63089.61. (a) The corporate guarantee shall be backed by funds...
Section 63089.62. - 63089.62. (a) It is the intent of the Legislature that...
ARTICLE 6 - Corporations, Miscellaneous
Section 63089.65. - 63089.65. (a) A corporation shall establish one or more loan...
Section 63089.66. - 63089.66. Unless delegated to its loan committee, the corporation’s board...
Section 63089.67. - 63089.67. A corporation may charge the borrower or financial institution...
ARTICLE 7 - Loan Guarantees
Section 63089.70. - 63089.70. (a) The Small Business Expansion Fund, which is hereby...
Section 63089.71. - 63089.71. (a) Among other priorities, corporations shall give high priority...
ARTICLE 8 - Direct Lending and Other Debt Instruments
Section 63089.80. - 63089.80. (a) A corporation may utilize funds for direct lending...
ARTICLE 9 - Disaster Loan Guarantees
Section 63089.90. - 63089.90. (a) Pursuant to Section 8684.2 and the contract between...
ARTICLE 10 - Surety Bond Guarantees
Section 63089.95. - 63089.95. In furtherance of the purposes set forth in Section...
Section 63089.96. - 63089.96. (a) In addition to the authority granted by Section...
ARTICLE 11 - Reporting
Section 63089.97. - 63089.97. Each corporation shall provide to the program manager, in...
Section 63089.98. - 63089.98. (a) Annually, not later than January 1 of each...
ARTICLE 12 - Venture Capital Program
Section 63089.99. - 63089.99. (a) A venture capital program is hereby established within...