(a) A minimum of 95 percent of the allocated tax increment revenues pursuant to subdivision (b) of Section 62304 shall be used to fund eligible projects.
(b) Not more than 5 percent of allocated revenues may be used for administration.
Cal. Gov. Code § 62306
Climate Resilience Districts
Known as the Climate Resilience Districts Act
The act spans §§ 62300–62313 (15 sections).
Added by Stats. 2022, Ch. 266, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.