§ 32820
50 words·~1 min read·
/ca/financial-code/32820A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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;