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Earlier editions: 2020-112018-11

DIVISION 15.5. STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION 32000-32823›CHAPTER 7. Borrowing From the State 32810-32823›ARTICLE 3. Borrowing from the Fund 32820-32823

§ 32820.5

California Financial Code · 2026 edition · updated 2026-10-04 · California

Upon approval of the corporation to exercise the powers of a small business development corporation pursuant to Section 32352, the corporation shall cease to be liable for payment of interest on loans made or to be made from the fund pursuant to this article.

(Added by Stats. 1989, Ch. 1040, Sec. 21.)

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California Financial Code

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