§ 14557. — 14557. (Added by Stats. 2003, Ch. 223, Sec. 1.)

California § 14557.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 3.
• Title 2.: DIVISION 3. EXECUTIVE DEPARTMENT
• Part 5.3.: PART 5.3. CALIFORNIA TRANSPORTATION COMMISSION
• Ch. 5.: CHAPTER 5. Suspension of Article XIX B Transfers

Text

(a)
The Legislature finds and declares that the Governor has issued a proclamation pursuant to paragraph (1) of subdivision (d) of Section 1 of Article XIX
B of the California Constitution declaring that the transfer of revenues from the General Fund to the Transportation Investment Fund during the 2003–04 fiscal year pursuant to paragraph (a) of Section 1 of Article XIX
B would have a significant negative fiscal impact on the range of functions of government funded by the General Fund of the
state.
(b)
Pursuant to paragraph (2) of subdivision (d) of Section 1 of Article XIX
B, the transfer of revenues from the General Fund to the Transportation Investment Fund that would otherwise be required under paragraph (a) of Section 1 of Article XIX
B is hereby partially suspended for the 2003–04 fiscal year. The amount of the transfer for the 2003–04 fiscal year shall be two hundred eighty-nine million dollars ($289,000,000).

Legislative History

Added by Stats. 2003, Ch. 223, Sec. 1. Effective August 11, 2003.