Cal. Rev. & Tax. Code § 7104.4
Disposition of Proceeds
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2015
As of January 1, 2011
All remaining obligations of the Transportation Investment Fund as of July 1, 2010, that cannot be funded with resources in that fund shall become obligations of the State Highway Account.
(a) The State Highway Account in the State Transportation Fund is the successor account to the Transportation Investment Fund.
(b) All assets and liabilities of the Transportation Investment Fund shall become assets and liabilities of the State Highway Account on or before June 30, 2016.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.