Cal. Health & Safety Code § 53561

TRANSIT-ORIENTED DEVELOPMENT IMPLEMENTATION PROGRAM

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

Current — January 1, 2017

As of January 1, 2011

(a) There is hereby created in the State Treasury the Transit-Oriented Development Implementation Fund.

(b) Interest on loans made from the fund shall be deposited in the fund.

~~(c)~~ All interest, dividends, and pecuniary gains from investments or deposits of moneys in the fund shall accrue to the fund, notwithstanding Section 16305.7 of the Government Code. There shall be paid into the fund ~~all~~ of the following: (1) Any moneys appropriated and made available by the Legislature for the purposes of the fund. (2) Any ~~moneys that the department receives in repayment of loans made from the fund, including any interest on loans made from the fund. (3) Any~~ other moneys that may be made available to the department for the purposes of this part from any other source.

(b) All interest, dividends, and pecuniary gains from investments or deposits of moneys in the fund shall accrue to the fund, notwithstanding Section 16305.7 of the Government Code. There shall be paid into the fund both of the following: (1) Any moneys appropriated and made available by the Legislature for the purposes of the fund. (2) Any other moneys that may be made available to the department for the purposes of this part from any other source.

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