California Legal Codes and Statutes

§ 63089.60

Amended (as added by Stats. 2013, Ch. 537, Sec. 4, 1st text) by Stats. 2016, Ch. 713, Sec. 4. (SB 936) Effective January 1, 2017.
(a)The program manager shall recommend whether the expansion fund and trust fund accounts are to be leveraged, and if so, by how much. Upon the request of the corporation, the program manager’s decision may be repealed or modified by the executive director or the bank board.
(b)The amount of guarantee liability outstanding at any one time shall not exceed 10 times the amount of funds on deposit in the expansion fund plus any receivables due from funds loaned from the expansion fund to another fund in state government as directed by the Department of Finance pursuant to a statute enacted by the Legislature, including each of the trust fund accounts within the trust

fund.

Cite this section

Cal. Gov. Code § 63089.60 (2026)
https://ca.codecond.com/codes/gov/title-6-7-infrastructure-finance/division-1-the-bergeson-peace-infrastructure-and-economic-development-bank-act/chapter-6-small-business-financial-assistance-act-of-2013/article-5-expansion-fund-and-trust-fund/section-63089.60

Other sections in Article 5 - Expansion Fund and Trust Fund

§ 63089.5§ 63089.51§ 63089.52§ 63089.53§ 63089.54§ 63089.55§ 63089.56§ 63089.57§ 63089.58§ 63089.59§ 63089.60§ 63089.61§ 63089.62

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.