Section 116761.85 - Deposit of money repaid(a) Moneys repaid to the state pursuant to any contract executed pursuant to this chapter, including interest payments and all interest earned on or accruing to any moneys in the fund, shall be deposited in the fund and shall be available in perpetuity, for expenditure for the purposes and uses permitted by this chapter and the federal act.(b) This section shall become operative on July 1, 2014.Ca. Health and Saf. Code § 116761.85
Added by Stats 2014 ch 35 (SB 861),s 122, eff. 6/20/2014.