California Government Code

§ 63089.71

GOV § 63089.71 Effective Oct 4, 2013Div. 1 · Title 6.7 · Ch. 6 · Art. 7

Statute text

(a)Among other priorities, corporations shall give high priority to the issuance of loan guarantees to small business incubators and to businesses that lease space in incubators.

(b)For the purposes of this section, “incubator” means a facility that allows new small businesses to increase their probability of success by sharing needed capital equipment, services, and facilities, which may include, but are not limited to, the following:

(1)Reception and meeting area.

…

Legislative history

Added by Stats. 2013, Ch. 537, Sec. 4. (AB 1247) Effective October 4, 2013.