California Public Resources Code

§ 6217.8

PRC § 6217.8 Effective Jan 1, 2026Div. 6 · Part 1 · Ch. 3

Statute text

(a)For purposes of this section, “fund” means the Oil Trust Fund established pursuant to subdivision (b).

(b)The Oil Trust Fund is hereby established in the State Treasury, and the moneys in the fund are hereby appropriated to the commission in accordance with this section.

(c)(1) On or before March 1, 2006, the City of Long Beach shall pay to the commission all money, including both principal and interest, in the abandonment reserve fund that the city created in 1999 and that was the subject of the litigation in State of California ex rel. California State Lands Commission v. City of Long Beach (2005) 125 Cal.App.4th 767.

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Legislative history

Amended by Stats. 2025, Ch. 67, Sec. 164. (AB 1170) Effective January 1, 2026.