Statute · California Insurance Code
Cal. Ins. Code § 10089.50 — California Earthquake Authority
Cal. Ins. Code § 10089.50
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 1996-09-27
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The Treasurer may from time to time enter into one or more credit facilities permitting the authority to draw an amount up to one billion dollars ($1,000,000,000) with payment, interest rate, indemnity, compensation, security, default, remedy, and other terms and conditions as determined by the…
Citator
Cal. Ins. Code § 10089.50 — California Earthquake Authority is in force in the current edition of the Code, and nothing recorded condemns it.
The Treasurer may from time to time enter into one or more credit facilities permitting the authority to draw an amount up to one billion dollars ($1,000,000,000) with payment, interest rate, indemnity, compensation, security, default, remedy, and other terms and conditions as determined by the authority. All drawings under these credit facilities shall be available as funding for the authority as provided in Section 10089.29.