Jurris.COM
Section 85307 Of Article 3. Contribution Limitations From California Government Code >> Title 9. >> Chapter 5. >> Article 3.
85307
. (a) The provisions of this article regarding loans apply to
extensions of credit, but do not apply to loans made to a candidate
by a commercial lending institution in the lender's regular course of
business on terms available to members of the general public for
which the candidate is personally liable.
(b) Notwithstanding subdivision (a), a candidate for elective state office may not personally loan to his or her campaign, including the proceeds of a loan obtained by the candidate from a commercial lending institution, an amount, the outstanding balance of which exceeds one hundred thousand dollars ($100,000). A candidate may not charge interest on any loan he or she made to his or her campaign.
(b) Notwithstanding subdivision (a), a candidate for elective state office may not personally loan to his or her campaign, including the proceeds of a loan obtained by the candidate from a commercial lending institution, an amount, the outstanding balance of which exceeds one hundred thousand dollars ($100,000). A candidate may not charge interest on any loan he or she made to his or her campaign.
