California Law (Last Updated: March 4, 2014) |
Public Resources Code - PRC |
Division 15. ENERGY CONSERVATION AND DEVELOPMENT |
Chapter 5.4. Local Jurisdiction Energy Assistance |
ARTICLE 6. Miscellaneous |
Section 25449.4.
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(a) Except as provided in subdivision (b), this chapter shall remain in effect until January 1, 2016, and as of that date is repealed, unless a later enacted statute which is enacted before January 1, 2016, deletes or extends that date.
(b) All loans outstanding as of January 1, 2016, shall continue to be repaid in accordance with a schedule established by the commission pursuant to Section 25442.7, until paid in full. All unexpended funds in the Local Jurisdiction Energy Assistance Account on January 1, 2016, and thereafter, except to the extent that those funds are encumbered pursuant to Section 25443.5, shall be deposited in the Petroleum Violation Escrow Account and be available for the purposes for which federal oil overcharge funds are available pursuant to court judgment or federal agency order.