ARTICLE 3. Board of Directors [32320. - 32326.]

Article 3 added by Stats. 1980, Ch. 819, Sec. 1.

§§ 32320–32326 · 7 sections

• § 32320 Except as provided in Sections 32325 and 32352.5, the board of directors of the corporation shall consist of six members, two official and four public…
• § 32321 (a) The official members of the board shall be: (1) A member of the Governor’s cabinet, or his or her designee. (2) One member of the Energy Commission,…
• § 32322 (a) The terms of official members of the board shall coincide with their official terms of office, except in the case of the member selected and appointed by…
• § 32323 (a) The directors selected and appointed by the Governor, Rules Committee, and Speaker shall meet the requirements of subdivision (d) of Section 31152. (b) The…
• § 32324 (a) The official directors shall serve without compensation, except that they shall be reimbursed for their actual and necessary expenses incurred in the…
• § 32325 If the corporation becomes a federal Community Development Financial Institution (CDFI), in addition to the official and public directors provided for in…
• § 32326 The board of directors of the corporation shall establish a loan committee, which shall review, rank, and approve or disapprove applications for loans under…