California Revenue and Taxation Code

§ 7104.2

RTC § 7104.2 Effective Feb 3, 2012Div. 2 · Part 1 · Ch. 9

Statute text

(a)The Transportation Investment Fund (hereafter the fund) in the State Treasury is hereby continued in existence. All revenues transferred to the fund pursuant to Article XIXB of the California Constitution beginning with the 2008–09 fiscal year shall be available for expenditure as provided in this section. Notwithstanding Section 13340 of the Government Code or any other provision of law, 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. 2012, Ch. 1, Sec. 5. (SB 95) Effective February 3, 2012.