SECTIONS 14020-14024 - California Statutes

CORPORATIONS CODE

SECTION 14020-14024

14020. There is in the agency the California Small Business Board.

14021. The board consists of the following membership:
(a) The Secretary of Business, Transportation and Housing or his
or her designee.
(b) Six members appointed by the Governor, one of whom will serve
as chair of the board, who are actively involved in the California
small business community.
(c) Two persons actively involved in the business or agricultural
communities, one appointed by the Speaker of the Assembly and one
appointed by the Senate Committee on Rules.
(d) Two Members of the Legislature or their designees, one
appointed by the Speaker of the Assembly and one appointed by the
Senate Committee on Rules, shall serve on the board insofar as it
does not conflict with the duties of the legislators.

14022. The board shall do each of the following:
(a) Advise the director on matters regarding this part.
(b) Select a vice chairperson of the board and adopt bylaws as are
required to govern the conduct and operation of the board.
(c) Approve new corporations recommended by the director, based on
an examination of each of the following:
(1) Review of the articles of incorporation and bylaws of the
corporation to determine whether they contain the provisions required
by this chapter and conform with the regulations adopted pursuant to
this part.
(2) Determination as to whether the legislative intent expressed
in Section 14002 shall be served by the proposed corporation.
(3) Determination as to whether the responsibility, character, and
general fitness of the individuals who will manage the corporation
are such as to command the confidence of the state and to warrant the
belief that the business of the proposed corporation will be
honestly and efficiently conducted in accordance with the intent and
purpose of this chapter and that they include representatives of the
financial and business community, as well as the economically
disadvantaged.
(d) Hold public hearings in order to carry out the objectives of
the agency in regards to its responsibilities as legislative advocate
and ombudsman for the state's small business community.
(e) Advise the Governor, the director, and the Small Business
Advocate regarding issues and programs affecting California's small
business community, including, but not limited to, business
innovation and expansion, export financing, state procurement,
management and technical assistance, venture capital, and financial
assistance.

14023. The public members of the board may, at the discretion of
the agency, be reimbursed per diem and travel expenses pursuant to
state law.

14024. The agency shall adopt regulations concerning the
implementation of this chapter and direct lending as emergency
regulations in accordance with Chapter 3.5 (commencing with Section
11340) of Part 1 of Division 3 of Title 2 of the Government Code. The
adoption of these regulations is an emergency and necessary for the
immediate preservation of the public peace, health and safety, or
general welfare within the meaning of subdivision (b) of Section
11346.1 of the Government Code. Notwithstanding subdivision (e) of
Section 11346.1 of the Government Code, the regulations shall not
remain in effect for more than 180 days unless the agency complies
with all provisions of Chapter 3.5 (commencing with Section 11340) of
Part 1 of Division 3 of Title 2 of the Government Code, as required
by subdivision (e) of Section 11346.1 of the Government Code. This
section also applies to any direct loan program administered by the
agency.