Section 63084.
63084. (a) Any issue of revenue bonds by the bank may be secured and made more attractive to capital markets through financial instruments, including, but not limited to: (1) Deeds of trust on the resources, facilities, and revenues of the projects. (2) Credit enhancements, including, but not limited to, letters of credit, bond insurance, and surety bonds provided […]
Section 63085.
63085. Whenever the bank deems that it will increase the salability or the price of the bonds to obtain, prior to or after sale, a legal opinion from private counsel as to the validity or tax-exempt nature of the bonds, the bank may obtain a legal opinion. Payment for legal services may be made out […]
Section 63086.
63086. The bank may employ financial consultants, advisers, and accountants, as may be necessary in its judgment, in connection with the issuance and sale of any bonds of the bank. Payment for these services may be made out of the proceeds of the sale of the bonds. (Added by Stats. 1998, Ch. 4, Sec. 23. […]
Section 63087.
63087. Section 10295 and Sections 10335 to 10382, inclusive, of the Public Contract Code shall not apply to agreements entered into by the bank in connection with the sale of bonds or notes authorized under this division. (Added by Stats. 1998, Ch. 4, Sec. 24. Effective January 1, 1999.)
Section 63088.
63088. (a) This chapter shall be known, and may be cited, as the Small Business Financial Assistance Act of 2013. (b) Notwithstanding any other provision of this division, this chapter shall not apply to any other activities, powers, and duties of the bank under any of the other chapters of this division. (Added by Stats. 2013, Ch. […]
Section 63073.
63073. The Treasurer, the Governor, or the Lieutenant Governor is an elected representative of the state authorized to fulfill the public approval requirement of Section 147(f) of Title 26 of the Internal Revenue Code (26 U.S.C.A. Sec. 147(f)), including subsequent amendments thereto, or its successor provision, for the issuance of tax-exempt bonds issued by the […]
Section 63088.1.
63088.1. The Legislature finds all of the following: (a) Small businesses form the core of the California economy and that it is in the interest of the state to increase opportunities for entrepreneurs, the self-employed, and microbusiness and small business owners to have better access to capital and other technical resources. (b) Unemployment in California is a […]
Section 63074.
63074. (a) Bonds may be authorized to finance a single project for a single sponsor or a participating party, a series of projects for a single sponsor or a participating party, a single project for several sponsors or participating parties, or several projects for several sponsors or participating parties. (b) Except as otherwise expressly provided by the […]
Section 63088.3.
63088.3. Unless the context otherwise requires, the definitions in this section shall govern the construction of this chapter. The definitions provided in this section shall only apply to this chapter and not to any other chapter of this division. (a) “Bank” means the California Infrastructure and Economic Development Bank. (b) “Bank board” means the board of directors […]
Section 63075.
63075. Any resolution authorizing any bonds or the authorization of a special purpose trust or any issue of bonds of the bank or a special purpose trust may contain the following provisions, which shall be a part of the contract with the holders of the bonds to be authorized: (a) Provisions pledging the full faith and […]