California Government Code

§ 63045

GOV § 63045 Effective Jan 1, 2022Div. 1 · Title 6.7 · Ch. 2 · Art. 5

Statute text

In order to provide or arrange for the financing of economic development facilities, the bank may:

(a)Issue taxable revenue bonds pursuant to Chapter 5 (commencing with Section 63070) to provide financing for economic development projects compatible with the public interest as specified in Section 63046.

(b)Issue taxable revenue bonds pursuant to Chapter 5 (commencing with Section 63070) to provide financing for the revolving loan funds and economic development projects of small business development corporations, local economic development corporations, community development corporations, and nonprofit organizations, which revolving loan funds and economic development projects shall be compatible with the public interest.

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Legislative history

Amended by Stats. 2021, Ch. 356, Sec. 2. (AB 1297) Effective January 1, 2022.