California Government Code

§ 57604

GOV § 57604 Effective Jan 1, 2020Div. 5 · Title 5

Statute text

(a)As used in this section:

(1)“Conducted in partnership with” means pursuant to a written agreement with a local financial institution to provide financial products and services to the public located within the jurisdiction of the public bank.

(2)“Infrastructure lending” means granting a loan or extending credit to a local agency for the purpose of building or improving public infrastructure, including housing projects, as defined in Section 34212 of the Health and Safety Code, and affordable housing, as defined in subdivision (a) of Section 62250.

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Legislative history

Added by Stats. 2019, Ch. 442, Sec. 16. (AB 857) Effective January 1, 2020.