(a) The conservancy shall make an annual report to the Legislature and the Secretary of the Natural Resources Agency regarding expenditures, land management costs, and administrative costs.

(b) This section shall become operative on January 1, 2027.

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(Repealed (in Sec. 2) and added by Stats. 2021, Ch. 182, Sec. 3. (SB 208) Effective January 1, 2022. Operative January 1, 2027, by its own provisions.)