California Revenue and Taxation Code

§ 46012

RTC § 46012 Effective Jan 1, 1997Div. 2 · Part 24 · Ch. 1

Statute text

“Designated amount” means an amount equal to one hundred nine million seven hundred fifty thousand dollars ($109,750,000), subject to the following:

(a)Fifty-four million eight hundred seventy-five thousand dollars ($54,875,000) shall be retained in the Oil Spill Response Trust Fund as cash.

(b)Fifty-four million eight hundred seventy-five thousand dollars ($54,875,000) shall be accessible in the Oil Spill Response Trust Fund in the form of financial security obtained by the Treasurer.

Legislative history

Amended by Stats. 1996, Ch. 362, Sec. 14. Effective January 1, 1997.