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Cal. Gov. Code § 63089.51

Expansion Fund and Trust Fund

Known as the Small Business Financial Assistance Act

The act spans §§ 63088–63089 (35 sections).

Added by Stats. 2013, Ch. 537, Sec. 4

(a) All money deposited in the expansion fund is hereby continuously appropriated, without regard to fiscal years, for the purposes of this chapter.

(b) Except as specified in subdivision (b) of Section 63089.54, the state or the bank shall not be liable or obligated in any way beyond the state money that is allocated in the expansion fund from moneys from the General Fund appropriated for those purposes.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.