California Government Code

§ 100050

GOV § 100050 Effective Jan 1, 2017Title 21

Statute text

Funding for startup and first-year administrative costs may be appropriated from the General Fund in the annual Budget Act. The board shall repay the amount appropriated, plus interest calculated at the rate earned by the Pooled Money Investment Account. Necessary administrative costs in future years shall be paid out of the administrative fund.

Legislative history

Added by Stats. 2016, Ch. 804, Sec. 19. (SB 1234) Effective January 1, 2017.