Statute · California Financial Code
Cal. Fin. Code § 32820 — Borrowing from the Fund
Cal. Fin. Code § 32820
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The corporation is authorized to borrow money from the fund, subject to the following terms and conditions:
Citator
Cal. Fin. Code § 32820 — Borrowing from the Fund is in force in the current edition of the Code, and nothing recorded condemns it.
The corporation is authorized to borrow money from the fund, subject to the following terms and conditions:
(a) The interest rate on loans from the fund to the corporation shall be six percent per annum;
(b) The maximum term of the loans to the corporation shall be for 20 years;