BlackletterCalifornia law

Financial Code § 32820

ARTICLE 3. Borrowing from the Fund

Current as of September 28, 2026Fin. Code, § 32820Official source ↗

Added by Stats. 1980, Ch. 819, Sec. 1.

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;