California § 63089.60 - The program manager shall recommend whether the expansion fund and trust fund acc

Full text of California Public Contract Code - PCC § 63089.60 — The program manager shall recommend whether the expansion fund and trust fund acc, with citation guidance and answers to common questions.

§ 63089.60. The program manager shall recommend whether the expansion fund and trust fund acc

(a) The program manager shall recommend whether the expansion fund and trust fund accounts are to be leveraged, and if so, by how much. Upon the request of the corporation, the program manager’s decision may be repealed or modified by the executive director or the bank board. (b) The amount of guarantee liability outstanding at any one time shall not exceed 10 times the amount of funds on deposit in the expansion fund plus any receivables due from funds loaned from the expansion fund to another fund in state government as directed by the Department of Finance pursuant to a statute enacted by the Legislature, including each of the trust fund accounts within the trust fund.

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Frequently Asked Questions About California § 63089.60

What does Public Contract Code - PCC § 63089.60 cover?

Section 63089.60 ("The program manager shall recommend whether the expansion fund and trust fund acc") 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 § 63089.60?

A common citation format is "Public Contract Code - PCC § 63089.60" (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 § 63089.60 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.