California Government Code

§ 16428.85

GOV § 16428.85 Effective Jun 27, 2012Div. 4 · Title 2 · Part 2 · Ch. 2 · Art. 9.7

Statute text

(a)Except as provided in subdivision (b), the Department of Finance shall submit to the Legislature, in bill format, on or before January 10, 2013, a proposal that provides a detailed spending plan for the expenditure of moneys in the fund that includes the components specified in subdivision (b).

(b)Subdivision (a) shall not apply if the Legislature passes a bill on or before August 31, 2012, that becomes law specifying a process for the establishment of the long-term spending strategy for moneys in the fund that includes all of the following components:

(1)Criteria and requirements for use of these moneys.

…

Legislative history

Added by Stats. 2012, Ch. 39, Sec. 25. (SB 1018) Effective June 27, 2012.