California Statutes
§ 62306. — 62306. (Added by Stats. 2022, Ch. 266, Sec. 1.)
(a)A minimum of 95 percent of the allocated tax increment revenues pursuant to subdivision (b) of Section 62304 shall be used to fund eligible projects.
(b)Not more than 5 percent of allocated revenues may be used for administration.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 62306. (62306. (Added by Stats. 2022, Ch. 266, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2022, Ch. 266, Sec. 1. (SB 852) Effective January 1, 2023.