Cal. Health & Safety Code § 116761.85

Safe Drinking Water State Revolving Fund Management

Redline — January 1, 2011 → current.View current text →

Current — January 1, 2013

As of January 1, 2011

~~Except as provided in Section 116761.80, all money~~ repaid to the state pursuant to any contract executed ~~under subdivision (a) of Section 116761.50,~~ including interest payments and all interest earned on or accruing to any moneys in the fund, shall be deposited in the fund and shall be available in perpetuity, for expenditure for the purposes and uses permitted by this chapter and the federal act.

(a) Moneys repaid to the state pursuant to any contract executed pursuant to this chapter, including interest payments and all interest earned on or accruing to any moneys in the fund, shall be deposited in the fund and shall be available in perpetuity, for expenditure for the purposes and uses permitted by this chapter and the federal act.

(b) This section shall become operative on July 1, 2014.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.