California Government Code

§ 63089.99

GOV § 63089.99 Effective Jun 30, 2022Div. 1 · Title 6.7 · Ch. 6 · Art. 12

Statute text

(a)A venture capital program is hereby established within the bank.

(b)The Governor shall appoint a deputy director who shall have direct authority over the venture capital program and serve at the pleasure of the Governor. Notwithstanding any law in this chapter, the deputy director shall act under the guidance and authority of the executive director.

(c)The venture capital program shall operate pursuant to directives and requirements developed and approved by the bank board.

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Legislative history

Added by Stats. 2022, Ch. 68, Sec. 28. (SB 193) Effective June 30, 2022.