California Code
Financial Code - FIN
DIVISION 15.5 - STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION

CHAPTER 1 - General Provisions

ARTICLE 1 - Short Title, Construction and Severability

Section 32000. - 32000. This division shall be known and may be cited...

Section 32001. - 32001. In this division, unless the context otherwise requires: (a)...

Section 32002. - 32002. If any provision of this division or the application...

ARTICLE 2 - Legislative Purposes

Section 32101. - 32101. The purposes of this division are the following: (a)...

ARTICLE 3 - Definitions

Section 32200. - 32200. Subject to additional definitions contained in Division 15 (commencing...

Section 32201. - 32201. “Alternative energy system” means any device or combination of...

Section 32202. - 32202. “Conventional energy fuel” means any fuel derived from petroleum...

Section 32203. - 32203. “Small business” means a business defined as an eligible...

Section 32204. - 32204. “State Controller” means the State Controller or any person...

Section 32205. - 32205. “Rules Committee” means the rules committee of the State...

Section 32206. - 32206. “Speaker” means the Speaker of the State Assembly or...

Section 32207. - 32207. “Corporation” means the State Assistance Fund for Enterprise Business...

Section 32208. - 32208. “Energy Commission” means the State Energy Resources Conservation and...

Section 32209. - 32209. “ Alternative energy business firm” means any small business...

Section 32210. - 32210. “Board” means the board of directors of the corporation....

Section 32211. - 32211. “President” means the president of the corporation. (Added by...

Section 32212. - 32212. “Finance officer” means the director of the finance division...

Section 32215. - 32215. “Governor” means the Governor of the State of California...

Section 32216. - 32216. “Savings-investment ratio” means an analysis of the proposed system...

Section 32217. - 32217. “Life cycle cost analysis” means an analysis of a...

Section 32218. - 32218. “Minimum economic feasibility” means that the net savings or...

Section 32219. - 32219. “Special projects” means any financing assistance or other program...

CHAPTER 2 - Corporate Matters

ARTICLE 1 - Creation of the Corporation

Section 32300. - 32300. The Legislature hereby authorizes the creation of a nonprofit...

Section 32301. - 32301. Except as otherwise provided in this division: (a) The...

ARTICLE 2 - Corporate Name

Section 32310. - 32310. The name of this corporation shall be: State Assistance...

ARTICLE 3 - Board of Directors

Section 32320. - 32320. Except as provided in Sections 32325 and 32352.5, the...

Section 32321. - 32321. (a) The official members of the board shall be:...

Section 32322. - 32322. (a) The terms of official members of the board...

Section 32323. - 32323. (a) The directors selected and appointed by the Governor,...

Section 32324. - 32324. (a) The official directors shall serve without compensation, except...

Section 32325. - 32325. If the corporation becomes a federal Community Development Financial...

Section 32326. - 32326. The board of directors of the corporation shall establish...

ARTICLE 4 - Management of the Corporation

Section 32330. - 32330. The management of the corporation shall be conducted by...

Section 32331. - 32331. The operations of the corporation shall be directed by...

Section 32332. - 32332. The corporation shall adopt bylaws, which shall include provisions...

ARTICLE 6 - Powers, Exclusions and Prohibitions

Section 32350. - 32350. (a) The corporation may appoint such agents and employees...

Section 32351. - 32351. The corporation shall not provide financing assistance to any...

Section 32352. - 32352. The corporation shall (a) be empowered to do and...

Section 32352.5. - 32352.5. (a) If the corporation becomes a small business development...

CHAPTER 3 - Corporate Finances

ARTICLE 1 - Corporate Accounts

Section 32400. - 32400. The financial accounts and records of the corporation shall...

Section 32401. - 32401. The corporation shall adopt as its fiscal year the...

Section 32402. - 32402. In addition to other accounts the board may establish,...

Section 32403. - 32403. Except as otherwise provided for in this division, all...

Section 32404. - 32404. Beginning with the fiscal year which begins July 1,...

ARTICLE 3 - Government Guaranteed Securities Trust Fund

Section 32420. - 32420. In this article “trust fund” means the government guaranteed...

Section 32421. - 32421. The finance officer shall place into the trust fund...

Section 32422. - 32422. According to policies and regulations which the board shall...

Section 32423. - 32423. The proceeds of the sale of government guaranteed securities...

CHAPTER 5 - Loan Operations

Section 32600. - 32600. (a) The finance officer shall not execute any loan...

Section 32601. - 32601. The corporation shall not provide financing assistance on any...

CHAPTER 6 - Miscellaneous

ARTICLE 3 - Special Projects

Section 32720. - 32720. The corporation is authorized to accept any public or...

Section 32721. - 32721. The board may consider and adopt rules for the...

Section 32722. - 32722. The corporation may participate with any federal or state...

Section 32723. - 32723. The corporation may develop and implement a program to...

Section 32724. - 32724. Notwithstanding any other provision of this division, loans or...

CHAPTER 7 - Borrowing From the State

ARTICLE 2 - State Enterprise Loan Fund

Section 32810. - 32810. The Controller shall establish, maintain, and administer a separate...

Section 32811. - 32811. The name of this account shall be the “State...

Section 32812. - 32812. The Controller shall transfer into the fund from the...

Section 32813. - 32813. The Controller shall disburse moneys from the fund to...

Section 32814. - 32814. The Controller shall deposit in the fund all moneys...

ARTICLE 3 - Borrowing from the Fund

Section 32820. - 32820. The corporation is authorized to borrow money from the...

Section 32820.5. - 32820.5. Upon approval of the corporation to exercise the powers...

Section 32821. - 32821. The corporation shall make application in writing to the...

Section 32822. - 32822. Within five working days after receipt of an application...

Section 32823. - 32823. If the Controller finds either subdivision (a) or (b)...