California § 129295 - The department may insure, pursuant to this article, loans to nonprofit borrowers
Full text of California Public Contract Code - PCC § 129295 — The department may insure, pursuant to this article, loans to nonprofit borrowers, with citation guidance and answers to common questions.
§ 129295. The department may insure, pursuant to this article, loans to nonprofit borrowers
The department may insure, pursuant to this article, loans to nonprofit borrowers that are not licensed to operate the facilities for which the loans are insured, provided that the borrower has entered into a long-term residency lease agreement with a service provider selected by the applicable regional center to operate that facility. The number of facilities for which loans are insured under this section shall not exceed 100 and the aggregate amount of loans insured under this section shall not exceed one hundred million dollars ($100,000,000).
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 129295
What does Public Contract Code - PCC § 129295 cover?
Section 129295 ("The department may insure, pursuant to this article, loans to nonprofit borrowers") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 129295?
A common citation format is "Public Contract Code - PCC § 129295" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 129295 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.