California Public Resources Code
§ 37036
PRC § 37036 Effective Sep 30, 2008Div. 28 · Ch. 7
Statute text
View on leginfo.ca.gov(a)The Natural Heritage Preservation Tax Credit Reimbursement Account is established in the General Fund to receive moneys paid pursuant to this chapter.
(b)Moneys in the Natural Heritage Preservation Tax Credit Reimbursement Account shall be used only to reimburse the General Fund as determined by the departments pursuant to paragraph (1) of subdivision (b) of Section 37034.
(c)Upon receipt of funds in the Natural Heritage Preservation Tax Credit Reimbursement Account and notification to the Legislature, the Controller shall transfer, within 60 days of the notification, the balance of the Natural Heritage Preservation Tax Credit Reimbursement Account to the General Fund.
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Legislative history
Amended by Stats. 2008, Ch. 760, Sec. 19. Effective September 30, 2008.