California Government Code

§ 13311.1

GOV § 13311.1 Effective Oct 19, 2009Div. 3 · Title 2 · Part 3 · Ch. 3 · Art. 1

Statute text

(a)Notwithstanding any other law, including, but not limited to, Section 13311, in order to achieve effective management of state cash resources, the Director of Finance may do both of the following:

(1)Defer payments of General Fund moneys owed in July through September of 2009, in an amount not to exceed seven hundred fifty million dollars ($750,000,000), appropriated to the University of California in the 2009 Budget Act.

(2)Defer payments of General Fund moneys owed in February 2010, in an amount not to exceed two hundred fifty million dollars ($250,000,000), appropriated to the University of California in the 2009 Budget Act.

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Legislative history

Amended by Stats. 2009, Ch. 633, Sec. 3. (SB 65) Effective October 19, 2009.