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HomeGovernment CodeCh. 1Art. 1§ 91502 Business Facility Financing

§ 91502 Business Facility Financing

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 91502 Business Facility Financing

Key Takeaways

  • •This law helps businesses get money to buy, build, or fix up their buildings and equipment.
  • •The goal is to make things better for both businesses and the people of the state.
  • •It also aims to keep people safe and healthy.

Example

A small factory wants to buy new machines to make more products but doesn't have enough money.

This law can help the factory get the money it needs to buy the machines, which can create more jobs and better products for everyone.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 91502 Business Facility Financing

It is the purpose of this title to carry out and make effective the findings of the Legislature, and to that end, to provide business with an alternative method of financing in acquiring, constructing, or rehabilitating facilities, including, but not limited to, equipment and furnishings, in accordance with the criteria set forth in Section 91502.1, all to the mutual benefit of the people of the state and to protect their health, welfare, and safety. (Amended by Stats. 2009, Ch. 648, Sec. 3. (AB 1009) Effective November 5, 2009.)

Last verified: January 22, 2026

Key Terms

legislaturesafetyhealthbenefitequipmenteffective novemberaccordance

Related Statutes

  • § 91501 Economic Development Financing Program
  • § 53084 Local Business Relocation Restrictions
  • § 53100.5 Emergency Services Statewide Policy
  • § 63000 Economic Development Public Funding
  • § 66413.5 City Approval Of Subdivision Maps

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 91502.
View Official Source