{"code":"PRC","codeName":"Public Resources Code","section":"26042.2","citation":"Pub. Resources Code, § 26042.2","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 16. CALIFORNIA ALTERNATIVE ENERGY AND ADVANCED TRANSPORTATION FINANCING AUTHORITY ACT [26000. - 26082.]","url":"https://blackletter.si/public-resources-code/division-16"},{"name":"CHAPTER 3. General Fund Revenue Loss [26042. - 26042.4.]","url":"https://blackletter.si/public-resources-code/division-16/chapter-3"}],"history":"Added by Stats. 1980, Ch. 908, Sec. 1.","effective":null,"html":"<p>On May 10, 1982, and on each May 10 thereafter, the authority shall make a determination of an amount equal to one-half of 1 percent of the total of all outstanding bonds issued pursuant to the provisions of Article 3 (commencing with Section 26020) of Chapter 1 as of May 1 of such year. The amount determined shall be deemed the General Fund revenue loss for the year. The authority shall inform the Controller of the determination made under this section.</p>","text":"On May 10, 1982, and on each May 10 thereafter, the authority shall make a determination of an amount equal to one-half of 1 percent of the total of all outstanding bonds issued pursuant to the provisions of Article 3 (commencing with Section 26020) of Chapter 1 as of May 1 of such year. The amount determined shall be deemed the General Fund revenue loss for the year. The authority shall inform the Controller of the determination made under this section.","otherVersions":[],"url":"https://blackletter.si/public-resources-code/general-fund-revenue-loss-26042-2","source":"California Legislative Information bulk export (pubinfo)"}