TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA 8000-22980›DIVISION 4. FISCAL AFFAIRS 16100-17700›PART 2. STATE FUNDS 16300-16649.95›CHAPTER 3. Investments 16430-16495.5›ARTICLE 4. Special Fund Investments 16470-16476
§ 16475.1
California Government Code · 2018-11 edition · updated 2026-10-04 · California
Notwithstanding any other provisions of law, the interest earned by governmental cost funds, as determined jointly by the Controller and Director of Finance, for the period January 1, 1982, through June 30, 1982, inclusive, shall be transferred to the unappropriated surplus of the General Fund. This section shall not apply to the Department of Food and Agriculture Fund or to the Acala Cotton Fund. The section shall also not apply to any governmental cost funds if the use of interest from those funds for General Fund purposes is prohibited by the California Constitution or the United States Constitution.
(Added by Stats. 1982, Ch. 207, Sec. 3. Effective May 20, 1982.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code