Section 30051 Of Chapter 6.5. Local Public Safety Fund From California Government Code >> Division 3. >> Title 3. >> Chapter 6.5.
30051
. (a) The Local Public Safety Fund is hereby created in the
State Treasury. The fund shall consist of the Interim Public Safety
Account to receive all revenues deposited therein pursuant to former
paragraph (8) of, and the Public Safety Account to receive all those
revenues deposited therein pursuant to former paragraph (9) of,
subdivision (a) of Section 7102 of the Revenue and Taxation Code.
Moneys in the fund may only be appropriated for the purposes
specified in Section 30052.
(b) Notwithstanding any other law, the Controller may use the
moneys in the Public Safety Account in the Local Public Safety Fund
for loans to the General Fund as provided in Sections 16310 and
16381. However, interest shall be paid on all moneys loaned to the
General Fund from the Public Safety Account in the Local Public
Safety Fund. Interest payable shall be computed at a rate determined
by the Pooled Money Investment Board to be the current earning rate
of the fund from which loaned. This subdivision does not authorize
any transfer that will interfere with the carrying out of the object
for which the Public Safety Account in the Local Public Safety Fund
was created.