California Government Code

§ 63088.6

GOV § 63088.6 Effective Oct 4, 2013Div. 1 · Title 6.7 · Ch. 6 · Art. 3

Statute text

To implement its responsibilities, a corporation shall undertake program activities that shall include, but not be limited to, the following:

(a)Outreach to low-resource small businesses and microbusinesses. The corporations located in rural areas shall give priority to low-resource farmers and rural and agriculturally related businesses.

(b)Collaboration with other organizations and lenders to identify and assist those businesses that are creditworthy but face impediments to accessing conventional sources because of reasons, such as low equity, inadequate collateral, unacceptable legal structure (such as a co-op or nonprofit organization), management inadequacies, and language problems.

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Legislative history

Added by Stats. 2013, Ch. 537, Sec. 4. (AB 1247) Effective October 4, 2013.