California Government Code

§ 63049.73

GOV § 63049.73 Effective Sep 19, 2025Div. 1 · Title 6.7 · Ch. 2 · Art. 10.5

Statute text

(a)The bank is hereby authorized and empowered to provide financial assistance under the Accelerator Revolving Fund Program to any eligible participating party, either directly or to a lending or financial institution, in connection with the financing or refinancing of an accelerator project, in accordance with an agreement or agreements between the bank and the participating party, either as a sole lender or in participation or syndication with other lenders.

(b)Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 shall not apply to any accelerator financing plan or any guidelines adopted by the bank pursuant to subdivision (i) in connection with the Accelerator Revolving Fund Program.

(c)(1) Repayments of financing made under the Accelerator Revolving Fund Program shall be deposited into the appropriate account created within the Accelerator Revolving Fund.

…

Legislative history

Added by Stats. 2025, Ch. 119, Sec. 15. (SB 254) Effective September 19, 2025. Repealed as of January 1, 2031, by its own provisions.