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California Food and Agricultural Code

§ 4155

FAC § 4155 Effective Jan 1, 2000Div. 3 · Part 3 · Ch. 6 · Art. 3

Statute text

View on leginfo.ca.gov
The 22nd District Agricultural Association may expend up to seven hundred fifty thousand dollars ($750,000) annually for the operation of a fair pursuant to Section 4001 for the purposes enumerated therein from funds received by the district from a lease of district property for horse racing purposes. Any funds thereby received by the district in excess of this seven hundred fifty thousand dollars ($750,000) may be expended in furtherance of the master plan developed pursuant to Section 4156. Any of these funds that are not expended in this manner, or accumulated to be expended in furtherance of the master plan, including the amortization of revenue bonds, shall be transferred by the district to the General Fund upon executive order of the Director of Food and Agriculture.

Legislative history

Amended by Stats. 1999, Ch. 370, Sec. 2. Effective January 1, 2000.

Source: California Food and Agricultural Code § 4155 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.