California Insurance Code 12980 – The Financial Responsibility Penalty Account is hereby created in the …
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The Financial Responsibility Penalty Account is hereby created in the General Fund. Moneys in the account shall be expended, upon appropriation therefor, for matters including, but not limited to, automobile insurance and financial responsibility of vehicle owners and operators.
(Added by Stats. 1985, Ch. 1494, Sec. 1. Effective October 2, 1985.)
Terms Used In California Insurance Code 12980
- 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