California Insurance Code

§ 10089.50

INS § 10089.50 Effective Sep 27, 1996Div. 2 · Part 1 · Ch. 8.6

Statute text

The Treasurer may from time to time enter into one or more credit facilities permitting the authority to draw an amount up to one billion dollars ($1,000,000,000) with payment, interest rate, indemnity, compensation, security, default, remedy, and other terms and conditions as determined by the authority. All drawings under these credit facilities shall be available as funding for the authority as provided in Section 10089.29.

Legislative history

Amended by Stats. 1996, Ch. 967, Sec. 19. Effective September 27, 1996.