California Public Resources Code

§ 37022

PRC § 37022 Effective Jan 1, 2010Div. 28 · Ch. 6

Statute text

(a)Tax credits may be awarded pursuant to this division only if the amount of all lost revenue resulting from the award of tax credits is reimbursed by transfer to the General Fund of moneys that are not from the General Fund. Tax Credits shall not be awarded subsequent to the 2014–15 fiscal year without further statutory authorization.

(b)For purposes of this section, “moneys that are not from the General Fund” means any of the following:

(1)State bond funds as described in Section 37032.

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Legislative history

Amended by Stats. 2009, Ch. 220, Sec. 3. (AB 94) Effective January 1, 2010.