§ 4629.11. — 4629.11. (Added by Stats. 2012, Ch. 289, Sec. 3.)

California § 4629.11.

• Jurisdiction: California
• Code PRC: Public Resources Code - PRC
• Div. 4.: DIVISION 4. FORESTS, FORESTRY AND RANGE AND FORAGE LANDS
• Part 2.: PART 2. PROTECTION OF FOREST, RANGE AND FORAGE LANDS
• Ch. 8.: CHAPTER 8. Z'berg-Nejedly Forest Practice Act of 1973
• Art. 9.5.: ARTICLE 9.5. Timber Regulation and Forest Restoration Fund

Text

(a)   Notwithstanding any other law, the revenues in any fiscal year may be accounted for on an accrued basis. The department may borrow against anticipated revenues to the fund to meet cashflow needs.
(b)
Notwithstanding any other law, a loan obtained pursuant to subdivision (a) shall be interest free. The department shall repay the loan in a timely manner from reserves received into the fund.

Legislative History

Added by Stats. 2012, Ch. 289, Sec. 3. (AB 1492) Effective September 11, 2012.