{"code":"FIN","codeName":"Financial Code","section":"32820","citation":"Fin. Code, § 32820","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 15.5. STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION [32000. - 32823.]","url":"https://blackletter.si/financial-code/division-15.5"},{"name":"CHAPTER 7. Borrowing From the State [32810. - 32823.]","url":"https://blackletter.si/financial-code/division-15.5/chapter-7"},{"name":"ARTICLE 3. Borrowing from the Fund [32820. - 32823.]","url":"https://blackletter.si/financial-code/division-15.5/chapter-7/article-3"}],"history":"Added by Stats. 1980, Ch. 819, Sec. 1.","effective":null,"html":"<p>The corporation is authorized to borrow money from the fund, subject to the following terms and conditions:</p><p>(a) The interest rate on loans from the fund to the corporation shall be six percent per annum;</p><p>(b) The maximum term of the loans to the corporation shall be for 20 years;</p>","text":"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;","otherVersions":[],"url":"https://blackletter.si/financial-code/borrowing-from-the-fund-32820","source":"California Legislative Information bulk export (pubinfo)"}