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Cal. Gov. Code § 91561.3

Small Business Financing

Redline — January 1, 2011 → current.View current text →
Current — January 1, 2017
As of January 1, 2011
(a) Each local authority shall be empowered to enter into joint powers agreements with other local authorities to issue pooled bonds in response to small business loan requests after receiving commission approval, and pursuant to Section 11256.
Each local authority may enter into joint powers agreements with other local authorities to issue pooled bonds in response to small business loan requests.
(b) The commission shall be designated as the agency to administer such agreements pursuant to Section 6506.

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