California Government Code

§ 13998.10

GOV § 13998.10 Effective Jan 1, 2016Div. 3 · Title 2 · Part 4.7 · Ch. 4

Statute text

(a)In order to carry out this chapter, there is hereby created in the State Treasury the California Competitive Technology Fund.

(b)The fund shall receive state funds appropriated to it, contributions from nonstate sources, reimbursements, federal funds, and interest that accrues to the moneys in the fund pursuant to subdivision (c).

(c)The Treasurer shall invest moneys contained in the fund not needed to meet current obligations in the same manner as other public funds are invested.

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Legislative history

Added by renumbering Section 13994.10 by Stats. 2015, Ch. 303, Sec. 206. (AB 731) Effective January 1, 2016.