Cal. Gov. Code § 99040

Current through the 2024 Legislative Session.
Section 99040 - Amendment to state constitution limiting transfer from Budget Stabilization Account

The Director of Finance shall immediately notify the Joint Legislative Budget Committee, the Executive Officer of the Franchise Tax Board, the Executive Director of the State Board of Equalization, and the Director of the Department of Motor Vehicles when and if an amendment to the California Constitution is approved at a statewide election held during the 2009 calendar year, that limits the total amount that, under Section 20 of Article XVI of the California Constitution, may be transferred by statute from the Budget Stabilization Account, or any successor to that account, to the General Fund.

Ca. Gov. Code § 99040

Added by Stats 2009 ch 18 (AB X3-3),s 1, eff. 2/20/2009.