§ 63043 Conduit Financing Exemption

• •This law says some special money rules don't apply to certain projects that help businesses grow.
• •If the bank gives money directly to help a business build or improve something, those usual rules are skipped.
• •This is only for projects that help the economy, like building a new factory or store.

A small town wants to build a new shopping center to create jobs.

The bank can give money directly to the builders without following the usual money rules because it helps the town's economy.