§ 37022. — 37022. (Amended by Stats. 2009, Ch. 220, Sec. 3.)

California § 37022.

• Jurisdiction: California
• Code PRC: Public Resources Code - PRC
• Div. 28.: DIVISION 28. NATURAL HERITAGE PRESERVATION TAX CREDIT ACT OF 2000
• Ch. 6.: CHAPTER 6. Miscellaneous

Text

(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.
(3)
Court settlements.
(4)
Private or public donations.
(5)
Local government funds of any type.
(6)
Federal funds available for the purposes of this division.

Legislative History

Amended by Stats. 2009, Ch. 220, Sec. 3. (AB 94) Effective January 1, 2010.