Reasonable costs incurred by a corporation in the creation and maintenance of a central staff shall be paid to the corporation from state funds, including a portion of the interest earned on the expansion fund and the corporation’s trust fund account, if the corporation has a trust fund account, otherwise, on the expansion fund.
Cal. Corp. Code § 14019
Corporations, Miscellaneous
Known as the California Small Business Financial Development Corporation Law
The act spans §§ 14000–14024 (25 sections).
Added by Stats. 2013, Ch. 537, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.