DIVISION 15.5. STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION 32000-32823›CHAPTER 1. General Provisions 32000-32219›ARTICLE 2. Legislative Purposes 32101-32101
§ 32101
California Financial Code · 2020-11 edition · updated 2026-10-04 · California
The purposes of this division are the following:
(a) To enhance the availability of financial assistance for small business in California.
(b) To increase the cost effectiveness and efficiency of financial assistance to small businesses provided by the state.
(c) To provide maximum utilization of available federal assistance programs, including, but not limited to, the Small Business Administration’s loan guarantee program.
(d) To reduce duplication and overlap in the provisions of financing assistance to small businesses through increased coordination and direction of state assistance programs.
(e) To provide the maximum degree of leverage of the limited state resources available to assist small business, consistent with sound business practices and fiduciary responsibility.
(f) To increase the competitiveness of California’s small businesses in the world economy and the creation of jobs.
(Repealed and added by Stats. 1989, Ch. 1040, Sec. 5.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code