California Government Code

§ 8684.2

GOV § 8684.2 Effective Oct 4, 2013Div. 1 · Title 2 · Ch. 7.5 · Art. 3

Statute text

(a)It is the intent of the Legislature:

(1)To provide the Governor with appropriate emergency powers in order to enable utilization of available emergency funding to provide guarantees for interim loans to be made by lending institutions, in connection with relief provided for those persons affected by disasters or a state of emergency in affected areas during periods of disaster relief assistance, for the purpose of supplying interim financing to enable small businesses to continue operations pending receipt of federal disaster assistance.

(2)That the Governor should utilize this authority to prevent business insolvencies and loss of employment in areas affected by these disasters.

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Legislative history

Amended by Stats. 2013, Ch. 537, Sec. 3. (AB 1247) Effective October 4, 2013.