California Health and Safety Code

§ 50470

HSC § 50470 Effective Jun 30, 2022Div. 31 · Part 2 · Ch. 2.5 · Art. 1

Statute text

(a)(1) There is hereby created in the State Treasury the Building Homes and Jobs Trust Fund. All interest or other increments resulting from the investment of moneys in the fund shall be deposited in the fund, notwithstanding Section 16305.7 of the Government Code.

(2)Moneys in the Building Homes and Jobs Trust Fund shall not be subject to transfer to any other fund pursuant to any provision of Part 2 (commencing with Section 16300) of Division 4 of Title 2 of the Government Code, except to the Surplus Money Investment Fund.

(b)Moneys in the Building Homes and Jobs Trust Fund shall be appropriated either through the annual Budget Act, or as provided in this subdivision, in accordance with the following:

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Legislative history

Amended by Stats. 2022, Ch. 70, Sec. 9. (SB 197) Effective June 30, 2022.