California Public Resources Code 37022 – (a) Tax credits may be awarded pursuant to this division only if …
(a) Tax credits may be awarded pursuant to this division only if the amount of all lost revenue resulting from the award of tax credits is reimbursed by transfer to the General Fund of moneys that are not from the General Fund. Tax Credits shall not be awarded subsequent to the 2014-15 fiscal year without further statutory authorization.
(b) For purposes of this section, “moneys that are not from the General Fund” means any of the following:
Terms Used In California Public Resources Code 37022
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(1) State bond funds as described in Section 37032.
(2) State funds available for the purposes of this division, other than funds specified in Section 37014.
(3) Court settlements.
(4) Private or public donations.
(5) Local government funds of any type.
(6) Federal funds available for the purposes of this division.
(Amended by Stats. 2009, Ch. 220, Sec. 3. (AB 94) Effective January 1, 2010.)