Cal. Gov. Code § 8687
Allocations to Local Agencies
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2013
As of January 1, 2011
Deferred payments made by a local agency pursuant to Section 8686.8 shall be made by the agency:
Deferred payments made by a local agency pursuant to Section 8686.8 shall be made by the agency:
(a) Out of the current revenues of the local agency.
(a) Out of the current revenues of the local agency.
(b) If the current revenues of a city, county, or city and county, prove insufficient to enable the agency to meet the payments, the secretary may order the State Controller to withhold from the local agency funds that the local agency would be entitled from the state, including, as to street and highway projects as defined by Sections 590 and 592 of the Vehicle Code, from the Motor Vehicle License Fee Fund to the extent necessary to meet the deficiency.
(b) If the current revenues of a city, county, or city and county, prove insufficient to enable the agency to meet the payments, the director may order the State Controller to withhold from the local agency funds that the local agency would be entitled from the state, including, as to street and highway projects as defined by Sections 590 and 592 of the Vehicle Code, from the Motor Vehicle License Fee Fund to the extent necessary to meet the deficiency.
Those sums shall be credited to the funds in the State Treasury from which the loans were made.
Those sums shall be credited to the funds in the State Treasury from which the loans were made.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.