AB1003-AA1,1,96
234.91
(2) (g) Loan proceeds are not used to refinance existing debt, for
7entertainment expenses, or for expenses related to a community-based residential
8facility, except that loan proceeds may be used to refinance existing debt if the
9borrower also expands an existing business.".
AB1003-AA1,2,2
1(1) This act first applies to loan guarantees for which application is made on
2the effective date of this subsection.".