California Public Resources Code

§ 4629.8

PRC § 4629.8 Effective Sep 13, 2016Div. 4 · Part 2 · Ch. 8 · Art. 9.5

Statute text

(a)Funds deposited in the fund shall be appropriated in accordance with the following priorities:

(1)First priority shall be for funding associated with the administration and delivery of responsibilities identified in subdivisions (a) to (c), inclusive, of Section 4629.6.

(2)Only after paragraph (1) is funded, the second priority shall be, if deposits are sufficient in future years to maintain the fund, by 2016, at a minimum reserve of four million dollars ($4,000,000), for use and appropriation by the Legislature in years during which revenues to the account are projected to fall short of the ongoing budget allocations for support of the activities identified in paragraph (1).

…

Legislative history

Amended by Stats. 2016, Ch. 340, Sec. 34. (SB 839) Effective September 13, 2016.