California Statutes

§ 8670.49. — 8670.49. (Amended by Stats. 2014, Ch. 35, Sec. 43.)

California·Code GOV Government Code - GOV·Div. 1.·Title 2. DIVISION 1. GENERAL·Ch. 7.4. CHAPTER 7.4. Oil Spill Response and Contingency Planning·Art. 7. ARTICLE 7. Oil Spill Response Trust Fund
(a)
(1)The administrator may only expend money from the fund to pay for any of the following, subject to the lien established in Section 8670.53.2:
(A)To pay the cost of obtaining financial security as authorized by paragraph (5) of subdivision (k) and subdivision (o) of Section 8670.48.
(B)To pay the principal, interest, premium, if any, and fees, charges, and costs of any kind incurred in connection with moneys drawn by the administrator on the financial security obtained by the Treasurer, or the moneys borrowed by the Treasurer, as authorized by paragraph (7) of subdivision (k) of Section 8670.48.
(C)To pay for the expansion, in the VTS area, pursuant to Section 445 of the Harbors and Navigation Code, of the vessel traffic service system (VTS system) authorized pursuant to sub

Free access — add to your briefcase to read the full text and ask questions with AI

California § 8670.49. (8670.49. (Amended by Stats. 2014, Ch. 35, Sec. 43.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 2014, Ch. 35, Sec. 43. (SB 861) Effective June 20, 2014.

Nearby Sections

15
View on official source ↗