Chapter 3. Economic Development of California Government Code >> Division 3. >> Title 2. >> Part 4.7. >> Chapter 3.
(a) With respect to international trade and investment
offices funded in whole or in part by nonstate funds pursuant to
subdivision (e) of Section 13996.41, all of the following shall
apply:
(1) The Governor's Office of Business and Economic Development may
accept nonstate moneys, including, but not limited to, federal and
private sector funds, for the purposes of operating any international
trade and investment office, subject to Title 9 (commencing with
Section 81000). A donor shall not donate more than 25 percent of the
annual budget of an international trade and investment office in a
calendar year. The donor may specify the international trade and
investment office for which the private sector moneys shall be used.
The private sector moneys shall be deposited in the Economic
Development and Trade Promotion Account, which is hereby established
in the Special Deposit Fund (Art. 2 (commencing with Section 16370),
Ch. 2, Pt. 2, Div. 4) within the State Treasury. Notwithstanding
Section 13340, the Director of the Governor's Office of Business and
Economic Development may expend moneys in the Economic Development
and Trade Promotion Account, without regard to fiscal year, for the
purposes of this subdivision. Moneys in the Economic Development and
Trade Promotion Account may be allocated to an international trade
and investment office, and if so allocated shall be maintained by
that office in an account. Records of donations received and
expenditures made pursuant to this section shall be subject to public
disclosure.
(2) For each donation that it receives to fund an international
trade and investment office, the Governor's Office of Business and
Economic Development shall post a report on its Internet Web site
within 30 days of receiving that donation. The report shall contain
all of the following information: name and address of the donor;
amount of the donation; date the donation was made; name and address
of the entity receiving or using the donation; a brief description of
the goods or services provided or purchased, if any; and a
description of the specific purpose or event for which the donation
was made, if any.
(b) The Governor's Office of Business and Economic Development may
accept private moneys for the purposes of promoting international
trade and investment events subject to Title 9 (commencing with
Section 81000). The donor may specify the international trade and
investment event for which the private sector moneys shall be used.
(1) The private sector moneys shall be deposited into the Economic
Development and Trade Promotion Account. Notwithstanding Section
13340, the Director of the Governor's Office of Business and Economic
Development may expend moneys in the Economic Development Trade
Promotion Account without regard to fiscal year, for purposes of this
subdivision. Records of donations received and expenditures made
pursuant to this section shall be subject to public disclosure.
(2) For each donation that it receives to fund international trade
and investment events, the Governor's Office of Business and
Economic Development shall post a report on its Internet Web site
within 30 days of receiving that donation. The report shall contain
the following information: name and address of the donor; amount of
the donation; date the donation was made; name and address of the
entity receiving or using the donation; a brief description of the
goods or services provided or purchased, if any; and a description of
the specific purpose or event for which the donation was made, if
any.
(c) With respect to international trade and investment offices
operated under contract with a nonprofit entity pursuant to
subdivision (f) of Section 13996.41:
(1) A donor shall not donate more than 25 percent of the annual
budget of an international trade and investment office in a calendar
year.
(2) For each donation that it receives to fund an international
trade and investment office, the Governor's Office of Business and
Economic Development shall post a report on its Internet Web site
within 30 days of receiving that donation. The report shall contain
the following information: name and address of the donor; amount of
the donation; date the donation was made; name and address of the
entity receiving or using the donation; a brief description of the
goods or services provided or purchased, if any; and a description of
the specific purpose or event for which the donation was made, if
any.
(d) Nothing in this section shall affect any requirement of the
Political Reform Act (Title 9 (commencing with Section 81000)).
(a) The California Economic Development Fund is hereby
created in the State Treasury for the purpose of receiving federal,
state, local, and private economic development funds, and receiving
repayment of loans or grant proceeds and interest on those loans or
grants.
(b) Upon appropriation by the Legislature, moneys in the fund may
be expended by the Governor's Office of Business and Economic
Development to provide matching funds for loans or grants to public
agencies, nonprofit organizations, and private entities, and for
other economic development purposes, consistent with the purposes for
which the moneys were received.