§ 63084
125 words·~1 min read·
/ca/government-code/63084A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Any issue of revenue bonds by the bank may be secured and made more attractive to capital markets through financial instruments, including, but not limited to:
(1)Deeds of trust on the resources, facilities, and revenues of the projects.
(2)Credit enhancements, including, but not limited to, letters of credit, bond insurance, and surety bonds provided by private financial institutions.
(3)Insurance and guarantees provided by the bank itself.
(b)The bank may make loans to help establish and support the revolving loan funds of small business development corporations, economic development corporations, community development corporations, and nonprofit corporations. The loans may be made from any appropriate account or subaccount of the California Infrastructure and Economic Development Bank Fund and as determined by the bank.