SECTIONS 32720-32724 - California Statutes

FINANCIAL CODE

SECTION 32720-32724

32720. The corporation is authorized to accept any public or
private financial grant in furtherance of the purposes of this
division, including, but not limited to, grants for alternative
energy research or demonstration projects, manpower training, or
economic development.

32721. The board may consider and adopt rules for the acceptance
and disbursement of grants, provided, however, that the cost of
administering any grant, less any payment for grant administration
made to the corporation by the granting authority, shall in no case
exceed 5 percent of the operating budget of the corporation in any
calendar year.

32722. The corporation may participate with any federal or state
governmental agency, department, board, bureau, or office in any
program which is intended to assist the development of the
alternative energy industry or to encourage economic development.

32723. The corporation may develop and implement a program to
assist private financial institutions, to evaluate investment
opportunities in alternative energy systems, and to help potential
small business borrowers make contact with appropriate private
sources of funds for alternative energy investments.

32724. Notwithstanding any other provision of this division, loans
or other financing programs undertaken by the corporation in
furtherance of minority enterprises and export financing shall be
funded from the enterprise loan fund, or other accounts which the
corporation may establish. The board shall promulgate separate loan
review procedures and criteria which shall be applicable to loans and
other financing programs implemented by the corporation pursuant to
this section.