California Government Code

§ 62306

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

GOV § 62306 Effective Jan 1, 2023Div. 6 · Title 6

Statute text

View on leginfo.ca.gov

(a)A minimum of 95 percent of the allocated tax increment revenues pursuant to subdivision (b) of Section 62304 shall be used to fund eligible projects.

(b)Not more than 5 percent of allocated revenues may be used for administration.

Legislative history

Added by Stats. 2022, Ch. 266, Sec. 1. (SB 852) Effective January 1, 2023.