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Section 50601 Of Chapter 5. Preservation Interim Loan Programs From California Health And Safety Code >> Division 31. >> Part 2. >> Chapter 5.
50601
. (a) The Preservation Opportunity Fund is hereby created in
the State Treasury. Notwithstanding Section 13340 of the Government
Code, all money in the fund is continuously appropriated to the
department without regard to fiscal years for the purposes of this
chapter and for costs incurred in administering the program. The
combined administrative expenses of the department and the agency
shall not exceed 5 percent of the funds deposited in the fund for the
purposes of this chapter.
(b) The following shall be paid into the fund:
(1) Any money appropriated and made available by the Legislature for purposes of the fund.
(2) Any money that the department or the agency receives in repayment of loans from the fund, including interest therefrom, except as provided in subdivision (f) of Section 50603.
(3) Any other money that may be made available to the department for the purposes of this chapter from any other source.
(b) The following shall be paid into the fund:
(1) Any money appropriated and made available by the Legislature for purposes of the fund.
(2) Any money that the department or the agency receives in repayment of loans from the fund, including interest therefrom, except as provided in subdivision (f) of Section 50603.
(3) Any other money that may be made available to the department for the purposes of this chapter from any other source.
