CHAPTER 3. General Fund Revenue Loss [26042. - 26042.4.]

Chapter 3 added by Stats. 1980, Ch. 908, Sec. 1.

§§ 26042–26042.4 · 3 sections

• § 26042 It is the intent of the Legislature that any loss of revenue to the General Fund occasioned by the purchase of bonds issued by the authority shall be restored…
• § 26042.2 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…
• § 26042.4 On May 15, 1982, and on each May 15 thereafter, the Controller shall transfer to the General Fund the amount determined by the authority pursuant to Section…