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DIVISION 24. RENEWABLE RESOURCES INVESTMENT PROGRAM 34000-34002›CHAPTER 3. Other Provisions 48500-48502›ARTICLE 6. Financial Provisions 48650-48657

§ 48656

California Public Resources Code · 2026-09 edition · updated 2026-09-27 · California

After all of the expenditures pursuant to Section 48653 have been made, notwithstanding paragraph (5) of subdivision (a) of Section 48653, the balance remaining in the fund shall be available to the board for the following purposes:

(a) The implementation of subdivisions (b) and (c) of Section 48631 and Section 48651.5, subject to both of the following requirements:

(1) The allocation of funds to implement subdivisions (b) and (c) of Section 48631 shall be at the discretion of the board to be determined annually in a public meeting and pursuant to a vote of the board.

(2) The board shall pay rerefining incentives pursuant to Section 48651.5 if sufficient funds are available in the fund.

(b) Annual revenues left unspent in excess of one million dollars ($1,000,000) shall be allocated pursuant to paragraph (3) of subdivision (a) of Section 48653 for local collection programs adopted pursuant to Article 10 (commencing with Section 48690).

(Amended by Stats. 2009, Ch. 353, Sec. 17. (SB 546) Effective January 1, 2010.)

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California Public Resources Code

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