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California Law (Last Updated: March 4, 2014) |
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Government Code - GOV |
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Title 2. GOVERNMENT OF THE STATE OF CALIFORNIA |
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Division 4. FISCAL AFFAIRS |
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Part 2. STATE FUNDS |
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Chapter 2. Special Funds |
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ARTICLE 9.7. GREENHOUSE GAS REDUCTION FUND AND COST OF IMPLEMENTATION ACCOUNT |
Section 16428.85.
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(a) Except as provided in subdivision (b), the Department of Finance shall submit to the Legislature, in bill format, on or before January 10, 2013, a proposal that provides a detailed spending plan for the expenditure of moneys in the fund that includes the components specified in subdivision (b).
(b) Subdivision (a) shall not apply if the Legislature passes a bill on or before August 31, 2012, that becomes law specifying a process for the establishment of the long-term spending strategy for moneys in the fund that includes all of the following components:
(1) Criteria and requirements for use of these moneys.
(2) Establishment of program categories eligible for funding.
(3) The specification of a public process that the State Air Resources Board shall use to develop the strategy.
(4) The role of the Legislature in reviewing the strategy.