Section 12895 Of Chapter 5. Greenhouse Gas Market-based Compliance Mechanisms And Linkages To The State From California Government Code >> Division 3. >> Title 2. >> Part 2.5. >> Chapter 5.
12895
. (a) There is in the Business, Consumer Services, and Housing
Agency a Department of Business Oversight containing the Division of
Corporations, which has the responsibility for administering various
laws. In order to effectively support the Division of Corporations
in the administration of these laws, there is hereby established the
State Corporations Fund. All expenses and salaries of the Division of
Corporations shall be paid out of the State Corporations Fund.
Therefore, notwithstanding any provision of any law administered by
the Division of Corporations declaring that fees, reimbursements,
assessments, or other money or amounts charged and collected by the
Division of Corporations under these laws are to be delivered or
transmitted to the Treasurer and deposited to the credit of the
General Fund, all fees, reimbursements, assessments, and other money
or amounts charged and collected under these laws shall be delivered
or transmitted to the Treasurer and deposited to the credit of the
State Corporations Fund.
(b) Funds appropriated from the State Corporations Fund and made
available for expenditure for any law or program of the Division of
Corporations may come from the following:
(1) Fees and any other amounts charged and collected pursuant to
Section 25608 of the Corporations Code, except for fees and other
amounts charged and collected pursuant to subdivisions (o) to (r),
inclusive, of Section 25608 of the Corporations Code.
(2) Fees collected pursuant to subdivisions (a), (b), (c), and (d)
of Section 25608.1 of the Corporations Code.