Article 8. Service Revolving Fund of California Government Code >> Division 4. >> Title 2. >> Part 2. >> Chapter 2. >> Article 8.

There is in the State Treasury the Service Revolving Fund, hereafter referred to as "the fund."

The fund consists of the following:
  (a) All money appropriated by the Legislature for such fund or payable into such fund in accordance with law.
  (b) All money received into the Treasury from any source whatever in payment of printing, ruling, and binding done in the Office of State Printing or, unless otherwise provided by law, in payment for other services rendered by the Department of General Services.
  (c) Reimbursement of rentals paid from such fund.
  (d) All money received as payment of rent for the use or occupancy of space in any building owned, managed, or controlled by the state.

The fund is under the control of the Department of General Services and is available for expenditure for the payment of rent; the cost of maintaining, operating, and insuring building space; the purchase and sale of materials, supplies, and equipment; the rendering of services to state and other public agencies and, in connection therewith, for the employment and compensation of necessary personnel and expenses; all expenses for the support of the Office of State Printing; and the purchase of machinery or equipment, including motor vehicles, needed in the operation or administration of the Office of State Printing. On or before September 30 of each fiscal year, the Controller shall transfer to the General Fund any cash surplus, as determined by the Director of Finance and reported to the Joint Legislative Budget Committee, in the fund as of the preceding June 30.

The State Printing Fund and the Purchasing Revolving Fund in the State Treasury are abolished. The Controller, on the operative date of this section, shall transfer any balances in those funds to the Service Revolving Fund. Any reference in state law to either the State Printing Fund or the Purchasing Revolving Fund shall be construed to refer to the Service Revolving Fund.

The Surplus Personal Property Revolving Fund in the State Treasury, created by Section 10383.5 of the Public Contract Code, is abolished. On January 1, 1989, the Controller shall transfer the assets, liabilities, and surplus in that fund to the Service Revolving Fund. Any reference in state law to the "Surplus Personal Property Revolving Fund" shall mean the Service Revolving Fund.