California Government Code

§ 99010

GOV § 99010 Effective Jun 27, 2017Title 17 · Ch. 3

Statute text

The Fiscal Recovery Fund may not be terminated until the Director of Finance provides the notification described in subdivision (b) of Section 99006. Notwithstanding any limitations contained in this title on the use of moneys in the Fiscal Recovery Fund and the interest earnings thereon, after the Director of Finance has provided that notification, and the board has ceased to collect the special sales tax revenues and the Controller has made the transfer described in paragraph (4) of subdivision (d) of Section 97.68 of the Revenue and Taxation Code, the Controller shall, upon order of the Department of Finance, transfer any amounts remaining in the fund to the General Fund.

Legislative history

Amended by Stats. 2017, Ch. 19, Sec. 20. (AB 111) Effective June 27, 2017.