SECTIONS 14000-14003 - California Statutes

CORPORATIONS CODE

SECTION 14000-14003

14000. This chapter shall be known and may be cited as the
"California Small Business Financial Development Corporation Law."

14001. The Legislature finds that:
(a) Unemployment in California is a matter of statewide concern
requiring concerted public and private action to develop employment
opportunities for the disadvantaged, youth, and unemployed persons.
(b) It is necessary to direct additional capital, general
management assistance, business education, and other resources to
encourage the development of small business opportunities,
particularly for minority, women, and disabled persons, to alleviate
unemployment.
(c) Many traditional and safety net health care providers of
Medi-Cal services are in need of financial assistance to ensure their
continued participation in Medi-Cal managed care networks and to
preserve geographic access to quality care for individuals in
underserved communities.

14002. It is the intention of the Legislature in enacting this part
to promote the economic development of small businesses by making
available capital, general management assistance, and other
resources, including loan services, personnel, and business education
to small business entrepreneurs, including women and minority owned
businesses, for the purpose of promoting the health, safety, and
social welfare of the citizens of California, to eliminate
unemployment of the economically disadvantaged of the state, and to
stimulate economic development, employment, minority group, women,
and disabled persons entrepreneurship. It is the further intent of
the Legislature to provide a flexible means to mobilize and commit
all available and potential resources in the various regions of the
state to fulfill these objectives. It is the further intent of the
Legislature that corporations operating pursuant to this law, shall
to the maximum extent feasible, coordinate with other job and
business development efforts within their region directed toward
implementing the purpose of this part. It is the further intent of
the Legislature to provide expanded resources allowing participation
by small and emerging contractors in state public works contracts.
Increased access to surety bonding resources will assist in
supporting participation by those firms in public works contracts,
and by stimulating increased participation by small firms, the state
will benefit from increased competition and lower bid costs.

14003. If any provision of this chapter or the application thereof
to any person or circumstances is held invalid, this invalidity shall
not affect other provisions or applications of the chapter which can
be given effect without the invalid provision or application, and to
this end the provisions of this chapter are severable.