California Revenue and Taxation Code

§ 7104

RTC § 7104 Effective Jan 1, 2012Div. 2 · Part 1 · Ch. 9

Statute text

(a)The Transportation Investment Fund (hereafter the fund) is hereby created in the State Treasury. Notwithstanding Section 13340 of the Government Code, the moneys in the fund are continuously appropriated without regard to fiscal years for disbursement in the manner and for the purposes set forth in this section.

(b)All of the following shall occur on a quarterly basis:

(1)The State Board of Equalization, in consultation with the Department of Finance, shall estimate the amount that is transferred to the General Fund under subdivision (b) of Section 7102 that is attributable to revenue collected for the sale, storage, use, or other consumption in this state of motor vehicle fuel, as defined in Section 7326.

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Legislative history

Amended by Stats. 2011, Ch. 296, Sec. 274. (AB 1023) Effective January 1, 2012. Inoperative on June 30, 2008, or later date, as provided in subd. (i). Repealed, by its own provisions, on January 1 following inoperative date.