California Constitution Article XIX C § 3 – Interest calculated at the Pooled Money Investment Fund rate from the …
Terms Used In California Constitution Article XIX C § 3 - Interest calculated at the Pooled Money Investment Fund rate from the ...
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
Interest calculated at the Pooled Money Investment Fund rate from the date or dates the revenues were unlawfully taken or diverted shall accrue to the amounts required to be restored pursuant to this section. Within 30 days from the date a challenge is successful, the Controller shall make the transfer required by the continuous appropriation and issue a notice to the parties that the transfer has been completed.
(Sec. 3 added Nov. 2, 2010, by Prop. 22. Initiative measure.)