California Revenue and Taxation Code

§ 46054

RTC § 46054 Effective Oct 10, 2007Div. 2 · Part 24 · Ch. 2 · Art. 1

Statute text

(a)The board shall notify the feepayers that, as of the first of the month following the notification, no fee shall be imposed whenever the administrator, in consultation with the board, and with the approval of the Treasurer, determines that the amount in the Oil Spill Response Trust Fund, collected pursuant to Section 46052, is equal to the amount specified in subdivision (a) of Section 46012, and the collection of the fee is not required for any of the following purposes:

(1)The purposes specified in subdivision (k) of Section 8670.48 of the Government Code.

(2)To repay any draw on a financial security obtained by the Treasurer pursuant to subdivision (o) of Section 8670.48 of the Government Code, including any principal, interest, premium, fees, charges, or costs of any kind incurred in connection with that financial security.

…

Legislative history

Amended by Stats. 2007, Ch. 373, Sec. 19. Effective October 10, 2007.