California Business and Professions Code

§ 11411

BPC § 11411 Effective Jan 1, 2026Div. 4 · Part 3 · Ch. 8

Statute text

There shall be separate accounts in the Real Estate Appraisers Regulation Fund for purposes of administration and for purposes of recovery. These accounts shall be known respectively as the Administration Account and the Recovery Account. On and after January 1, 2026, 5 percent of the amount of any license or certificate fee collected in the 2024–25 fiscal year shall be transferred to the Recovery Account. On and after January 1, 2026, 5 percent of any license or certificate fee collected under this part shall be credited to the Recovery Account. The Recovery Account is a continuing appropriation for carrying out this chapter.

Legislative history

Amended by Stats. 2025, Ch. 786, Sec. 33. (SB 774) Effective January 1, 2026. Repealed as of January 1, 2030, pursuant to Section 11420.