ARTICLE 8. Capital Access Loan Program for Small Businesses
Article 8 added by Stats. 1993, Ch. 1164, Sec. 4.
§§ 44559–44559.14 · 14 sections
- § 44559 (a) The Legislature finds and declares that small businesses are responsible for a significant amount of environmental emissions in the state, but are less…
- § 44559.1 As used in this article, unless the context requires otherwise, all of the following terms have the following meanings: (a) “Authority” means the Capital…
- § 44559.2 (a) The authority may contract with any financial institution for the purpose of allowing the financial institution to participate in the Capital Access Loan…
- § 44559.3 (a) The authority shall establish a loss reserve account for each financial institution with which the authority makes a contract. (b) The loss reserve account…
- § 44559.4 (a) If a financial institution that is participating in the Capital Access Loan Program established pursuant to this article decides to enroll a qualified loan…
- § 44559.5 (a) The authority shall establish procedures under which financial institutions participating in the program established pursuant to this article may submit…
- § 44559.6 The authority shall annually prepare a report to the Governor and the Legislature that describes the financial condition and programmatic results of the…
- § 44559.7 The authority may enter into agreements with commercial banks or other financial institutions, or with other agencies of the state, to provide necessary…
- § 44559.8 Notwithstanding this article, the authority may facilitate the development of a secondary market for a loan enrolled in the capital access loan program by…
- § 44559.9 The authority shall expand the Capital Access Loan Program established by this article to include outreach to financial institutions that service agricultural…
- § 44559.11 (a) It is the intent of the Legislature to ensure that the state, through the authority, may make maximum, efficient use of capital access programs enacted by…
- § 44559.12 (a) Consistent with subdivision (b) of Section 44559.11, the authority may establish loss reserve accounts for the purposes of financing terminal rental…
- § 44559.13 (a) It is the intent of the Legislature in this act to create and fund the California Americans with Disabilities Act Small Business Capital Access Loan…
- § 44559.14 (a) (1) It is the intent of the Legislature in enacting the act adding this section to create and fund a program to assist residential property owners and…