Section 25299.205 Of Chapter 6.77. Grants For Installing Underground Storage Tanks From California Health And Safety Code >> Division 20. >> Chapter 6.77.
25299.205
. (a) (1) The Petroleum Underground Storage Tank Financing
Account is hereby created in the State Treasury.
(2) The funds deposited into the account may be expended by the
board, upon appropriation by the Legislature, for making grants
pursuant to this chapter and administering this chapter.
(b) (1) This section shall not become operative if Assembly Bill
1068 of the 2003-04 Regular Session of the Legislature is enacted and
takes effect on or before January 1, 2005, that bill creates the
Petroleum Underground Storage Tank Financing Account in the State
Treasury, and the bill adding this section takes effect on or after
the effective date of Assembly Bill 1068.
(2) If the act adding this section is enacted and takes effect
before the effective date of Assembly Bill 1068, this section shall
become operative on the effective date of that act, and shall become
inoperative on the effective date of Assembly Bill 1068. On the date
this section becomes inoperative, the Controller shall transfer all
moneys in the account to the Petroleum Underground Storage Tank
Financing Account established pursuant to Section 25299.109.