§ 80032. — 80032. (Added by Stats. 2017, Ch. 852, Sec. 3.)

California § 80032.

• Jurisdiction: California
• Code PRC: Public Resources Code - PRC
• Div. 46.: DIVISION 46. California Drought, Water, Parks, Climate, Coastal Protection, and Outdoor Access For All Act of 2018
• Ch. 1.: CHAPTER 1. General Provisions

Text

(a)
The proceeds of bonds issued and sold pursuant to this division, exclusive of refunding bonds issued and sold pursuant to Section 80172, shall be deposited in the California Drought, Water, Parks, Climate, Coastal Protection, and Outdoor Access For All Fund, which is hereby created in the State Treasury.
(b)
Proceeds of bonds issued and sold pursuant to this division shall be allocated according to the following schedule:
(1)
Two billion eight hundred thirty million dollars ($2,830,000,000) for purposes of Chapter 2 (commencing with Section 80050), Chapter 3 (commencing with Section 80060), Chapter 4 (commencing with Section 80070), Chapter 5 (commencing with Section 80080),
Chapter 6 (commencing with Section 80090), Chapter 7 (commencing with Section 80100), Chapter 8 (commencing with Section 80110), Chapter 9 (commencing with Section 80120), and Chapter 10 (commencing with Section 80130).
(2)
Two hundred fifty million dollars ($250,000,000) for Chapter 11 (commencing with Section 80140).
(3)
Eighty million dollars ($80,000,000) for Chapter 11.1 (commencing with Section 80141).
(4)
Five hundred fifty million dollars ($550,000,000) for Chapter 11.5 (commencing with Section 80145).
(5)
Three hundred ninety million dollars ($390,000,000) for Chapter 11.6 (commencing with Section 80146).

Legislative History

Added by Stats. 2017, Ch. 852, Sec. 3. Approved in Proposition 68 at the June 5, 2018, election.