Section 99310.6 Of Article 6.5. Transportation Planning And Development Account From California Public Utilities Code >> Division 10. >> Part 11. >> Chapter 4. >> Article 6.5.
99310.6
. (a) Notwithstanding any other provision of law, upon order
of the Department of Finance, all or some of the state agencies
collecting revenue for, or spending from, the Public Transportation
Account shall adjust budgeting, accounting, and reporting systems and
documents so that unliquidated encumbrances, payables, and other
accruals are not reflected in the fund balance in the Governor's
Budget fund condition display or the fund balance in the financial
statements submitted to the Controller for the budgetary-legal basis
annual report.
(b) For the purposes of the Governor's Budget, the balance of cash
advanced from the Public Transportation Account to the
Transportation Revolving Account, as jointly determined by the
Department of Finance and the state agencies referenced in
subdivision (a), shall be deemed as resources and cash available to
the Public Transportation Account for budgeting purposes.
(c) This method shall be effective with the 2013-14 Governor's
Budget development process and may be applied to the 2011-12 data.