Section 14557 Of Chapter 5. Suspension Of Article Xix B Transfers From California Government Code >> Division 3. >> Title 2. >> Part 5.3. >> Chapter 5.
14557
. (a) The Legislature finds and declares that the Governor has
issued a proclamation pursuant to paragraph (1) of subdivision (d)
of Section 1 of Article XIX B of the California Constitution
declaring that the transfer of revenues from the General Fund to the
Transportation Investment Fund during the 2003-04 fiscal year
pursuant to paragraph (a) of Section 1 of Article XIX B would have a
significant negative fiscal impact on the range of functions of
government funded by the General Fund of the state.
(b) Pursuant to paragraph (2) of subdivision (d) of Section 1 of
Article XIX B, the transfer of revenues from the General Fund to the
Transportation Investment Fund that would otherwise be required under
paragraph (a) of Section 1 of Article XIX B is hereby partially
suspended for the 2003-04 fiscal year. The amount of the transfer for
the 2003-04 fiscal year shall be two hundred eighty-nine million
dollars ($289,000,000).