California Public Utilities Code

§ 99614

PUC § 99614Div. 10 · Part 11.5 · Ch. 2

Statute text

(a)Notwithstanding Section 16312 of the Government Code and Section 99694.5 of this part, the interest on any loans made from the Pooled Money Investment Account to the fund for the purposes of carrying out the purposes of this part shall be paid from the General Fund.

(b)Notwithstanding Section 13440 of the Government Code, the amounts required to be paid pursuant to subdivision (a) are hereby continuously appropriated from the General Fund.

(c)The appropriations for interest payments pursuant to subdivision (b) are appropriations for debt service, as defined in Section 8 of Article XIIIB of the California Constitution, and are therefore exempt from the appropriations limit set by that article.

Legislative history

Added June 5, 1990, by initiative Proposition 116.