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California Code, Revenue and Taxation Code - RTC § 9432

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

The board shall transmit all moneys received by it under this chapter to the Treasurer to be deposited in the State Treasury.  The board in accordance with the Treasurer shall set up a reserve account in the State Treasury to disburse those moneys as needed.  After distribution payments to other jurisdictions and refunds authorized by the IFTA, the balance remaining in the reserve account shall be transferred, except as provided in Section 9433, to the Motor Vehicle Fuel Account in the Transportation Tax Fund.

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Cite this article: FindLaw.com - California Code, Revenue and Taxation Code - RTC § 9432 - last updated January 01, 2025 | https://codes.findlaw.com/ca/revenue-and-taxation-code/rtc-sect-9432/

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