Gov. Code, § 63046 · Article 5. Financing Economic Development Facilities
Gov. Code, § 63046
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
No financing shall be made by the bank under this article unless the bank shall have first determined that the financing or assistance meets the following public interest criteria:
(a) The financing, loan, grant, or other assistance is for a project or a use in the State of California.
(b) Those seeking funds or other assistance are capable of meeting obligations incurred under relevant agreements.
(c) In the case of loans or bonds, payments to be made under applicable financing documents are adequate to pay the current expenses of the bank in connection with the financing and to make payments on the bonds.
(d) The proposed financing is appropriate for the specific project.
Notes and commentary — not statutory text
History
Repealed and added by Stats. 1998, Ch. 4, Sec. 15. Effective January 1, 1999.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=63046.
- Text hash
- sha256 aa571eb5d53419ca353235dc2845f6d24d178e12f0603a0f7a38c794f9b3db05
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 2 provisions
Provisions in this library whose text cites Gov. Code, § 63046. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.