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California Code, Public Resources Code - PRC § 37022

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Tax credits may be awarded pursuant to this division only if the amount of all lost revenue resulting from the award of tax credits is reimbursed by transfer to the General Fund of moneys that are not from the General Fund.Tax Credits shall not be awarded subsequent to the 2014-15 fiscal year without further statutory authorization.

(b) For purposes of this section, “moneys that are not from the General Fund” means any of the following:

(1) State bond funds as described in Section 37032.

(2) State funds available for the purposes of this division, other than funds specified in Section 37014.

(3) Court settlements.

(4) Private or public donations.

(5) Local government funds of any type.

(6) Federal funds available for the purposes of this division.

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Cite this article: FindLaw.com - California Code, Public Resources Code - PRC § 37022 - last updated January 01, 2025 | https://codes.findlaw.com/ca/public-resources-code/prc-sect-37022/

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