California § 44559.8 - Notwithstanding this article, the authority may facilitate the development of a s
Full text of California Public Contract Code - PCC § 44559.8 — Notwithstanding this article, the authority may facilitate the development of a s, with citation guidance and answers to common questions.
§ 44559.8. Notwithstanding this article, the authority may facilitate the development of a s
Notwithstanding this article, the authority may facilitate the development of a secondary market for a loan enrolled in the capital access loan program by providing security for that loan, thereby increasing participation in the program by financial institutions and improving access to capital for small businesses. For purposes of this section, the actions that the authority may take include, but are not necessarily limited to, assigning all, or a portion of, any loss reserve account to any other entity in connection with providing security for a loan, including a trustee of a securitization trust, transferring an enrolled loan from a participating financial institution to a securitization trust, and assisting underwriters in marketing a loan to the secondary market.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 44559.8
What does Public Contract Code - PCC § 44559.8 cover?
Section 44559.8 ("Notwithstanding this article, the authority may facilitate the development of a s") 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 § 44559.8?
A common citation format is "Public Contract Code - PCC § 44559.8" (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 § 44559.8 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.