California Financial Code

§ 32820

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 32820Div. 15.5 · Ch. 7 · Art. 3

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;

Legislative history

Added by Stats. 1980, Ch. 819, Sec. 1.