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Current as of January 01, 2023 | Updated by FindLaw Staff
The money in the Timber Tax Fund is appropriated as follows:
(a) To reimburse the General Fund for funds advanced for costs incurred by the board in administration of this part as follows:
(1) Four hundred sixty-seven thousand nine hundred thirty dollars ($467,930) for fiscal years 1975-76 and 1976-77.
(2) Amounts identified and approved in subsequent fiscal years as approved in the Budget Bill. One-half of this amount shall be reimbursed to the General Fund between November 1 and November 10, and the remaining one-half between May 1 and May 10. In the event that not all funds approved in the Budget Bill are actually expended by the board, then in the succeeding fiscal year, the amount to be reimbursed to the General Fund between November 1 and November 10 shall be reduced by an amount equal to the unexpended appropriation of the preceding fiscal year.
(b) To reimburse the General Fund for funds advanced for costs incurred by the State Forester in administration of Section 4582.8 of the Public Resources Code as follows:
(1) Thirteen thousand five hundred dollars ($13,500) for fiscal years 1975-76 and 1976-77.
(2) Amounts identified and approved in subsequent fiscal years as approved in the Budget Bill.
(c) To the Controller to allocate pursuant to Sections 38905 1 and 38905.1.
(d) To pay refunds authorized by this part of taxes imposed pursuant to Section 38115 and interest, penalties, and other amounts paid or collected pursuant to this part and deposited in the Timber Tax Fund.
Cite this article: FindLaw.com - California Code, Revenue and Taxation Code - RTC § 38904 - last updated January 01, 2023 | https://codes.findlaw.com/ca/revenue-and-taxation-code/rtc-sect-38904/
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