DIVISION 31. WASTE MANAGEMENT FACILITIES 50000-50002›PART 8. Carbon Dioxide Capture, Removal, or Sequestration Projects 71460-71465›CHAPTER 6. Financial Transactions and Audits 71560-71562
§ 71562
California Public Resources Code · 2026-09 edition · updated 2026-09-27 · California
Funds held by the endowment shall revert to the state or to another public agency or nonprofit organization approved by the state if the endowment does any of the following:
(a) Ceases operations.
(b) Is dissolved.
(c) Becomes bankrupt or insolvent.
(d) Fails to perform its fiduciary duties.
(Added by Stats. 2010, Ch. 687, Sec. 2. (AB 2503) Effective January 1, 2011.)
Retrieved: 2026-09-26T19:54:28.005580+00:00
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