California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 15.5. STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION |
Chapter 2. Corporate Matters |
ARTICLE 6. Powers, Exclusions and Prohibitions |
Section 32351.
Latest version.
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The corporation shall not provide financing assistance to any business firm in this state unless such business firm meets the financial and eligibility criteria for the specific type of financial assistance to be provided by the corporation, including, where appropriate, prior application to a bank or other financial institution for a loan or other financial assistance.
(Amended by Stats. 1986, Ch. 1338, Sec. 6.)