California FAIR Plan Association may request bonds from the California Infrastructure and Economic Development Bank to finance claims and increase.

California AB226 allows the California FAIR Plan Association to request bonds from the California Infrastructure and Economic Development Bank to finance claims and increase liquidity. The association may also enter into loan agreements and line of credit agreements with the bank. The association may secure these agreements with a statutory lien on all collateral. The bank may issue taxable or tax-exempt bonds for these purposes. The association may assess members to meet repayment obligations. The bank has the right to enforce obligations under the agreements.

California FAIR Plan Association may request bonds from the California Infrastructure and Economic Development Bank to finance claims and increase.

California AB226 allows the California FAIR Plan Association to request bonds from the California Infrastructure and Economic Development Bank to finance claims and increase liquidity. The association may also enter into loan agreements and line of credit agreements with the bank. The association may secure these agreements with a statutory lien on all collateral. The bank may issue taxable or tax-exempt bonds for these purposes. The association may assess members to meet repayment obligations. The bank has the right to enforce obligations under the agreements.