Section 37022 - Lost revenue reimbursed by transfer to General Fund of money not from General Fund(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: (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.(4) Private or public donations.(5) Local government funds of any type.(6) Federal funds available for the purposes of this division.Ca. Pub. Res. Code § 37022
Amended by Stats 2009 ch 220 (AB 94),s 3, eff. 1/1/2010.Amended by Stats 2004 ch 226 (SB 1100), s 1, eff. 8/16/2004.Amended by Stats 2002 ch 1033 (AB 3009), s 1, eff. 9/28/2002.Added by Stats 2000 ch 113 (SB 1647), s 1, eff. 1/1/2001.