California Code, Government Code - GOV § 20825.15

(1) If the projected state revenues at the 2021-22 May Revision to the Governor's Budget are insufficient to fully fund existing statutory and constitutional obligations, existing fiscal policy, and the costs of providing the aforementioned supplemental pension payments, as specified above, in the sole discretion of the Director of Finance, the twenty-five-million-dollar ($25,000,000) supplemental payment for the 2021-22 and 2022-23 fiscal years shall be deferred to the respective next fiscal years.

(2) If the twenty-five-million-dollar ($25,000,000) supplemental payment in the 2021-22 fiscal year is made and projected state revenues at the 2022-23 May Revision to the Governor's Budget are insufficient to fully fund existing statutory and constitutional obligations, existing fiscal policy, and the costs of providing the aforementioned supplemental pension payments, as specified above, in the sole discretion of the Director of Finance, the twenty-five-million-dollar ($25,000,000) supplemental payment for the 2022-23 fiscal year shall be deferred to the next fiscal year.