Section 67479 Of Title 7.75. California State University, Channel Islands Site Authority Act From California Government Code >> Title 7.75.
67479
. The authority shall receive all of the local government
share of sales and use tax revenues pursuant to Part 1.5 (commencing
with Section 7200) of Division 2 of the Revenue and Taxation Code
derived from the retail sale or use of tangible personal property
that occurs on the site. In the 2030-2031 fiscal year and each fiscal
year thereafter, the authority shall convey and transfer to the
County of Ventura 50 percent of all sales and use tax revenues
derived from the retail sale or use of tangible personal property
that occurs on the site.