ARTICLE 3. Government Guaranteed Securities Trust Fund [32420. - 32423.]

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

§§ 32420–32423 · 4 sections

• § 32420 In this article “trust fund” means the government guaranteed securities trust fund of the corporation.
• § 32421 The finance officer shall place into the trust fund all securities held by the corporation which carry a guarantee of repayment issued by the Small Business…
• § 32422 According to policies and regulations which the board shall adopt, the finance officer shall use his or her best efforts to sell the guaranteed portion of the…
• § 32423 The proceeds of the sale of government guaranteed securities shall be allocated to the accounts of the corporation in the following manner: (a) That portion of…