Jurris.COM
Section 53561 Of Part 13. Transit-oriented Development Implementation Program From California Health And Safety Code >> Division 31. >> Part 13.
53561
. (a) There is hereby created in the State Treasury the
Transit-Oriented Development Implementation Fund.
(b) Interest on loans made from the fund shall be deposited in the fund.
(c) All interest, dividends, and pecuniary gains from investments or deposits of moneys in the fund shall accrue to the fund, notwithstanding Section 16305.7 of the Government Code. There shall be paid into the fund all of the following:
(1) Any moneys appropriated and made available by the Legislature for the purposes of the fund.
(2) Any moneys that the department receives in repayment of loans made from the fund, including any interest on loans made from the fund.
(3) Any other moneys that may be made available to the department for the purposes of this part from any other source.
(b) Interest on loans made from the fund shall be deposited in the fund.
(c) All interest, dividends, and pecuniary gains from investments or deposits of moneys in the fund shall accrue to the fund, notwithstanding Section 16305.7 of the Government Code. There shall be paid into the fund all of the following:
(1) Any moneys appropriated and made available by the Legislature for the purposes of the fund.
(2) Any moneys that the department receives in repayment of loans made from the fund, including any interest on loans made from the fund.
(3) Any other moneys that may be made available to the department for the purposes of this part from any other source.
