Section 18726 Of Article 3.5. California Senior Legislature Fund From California Revenue And Taxation Code >> Division 2. >> Part 10.2. >> Chapter 3. >> Article 3.5.

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  (a) There is hereby established in the State Treasury the California Senior Legislature Fund to receive contributions made pursuant to Section 18725. The Franchise Tax Board shall notify the Controller of both the amount of money paid by taxpayers in excess of their tax liability and the amount of refund money that taxpayers have designated pursuant to Section 18725 to be transferred to the California Senior Legislature Fund. The Controller shall transfer from the Personal Income Tax Fund to the California Senior Legislature Fund an amount not in excess of the sum of the amounts designated by individuals pursuant to Section 18725 for payment into that fund.
  (b) The California Senior Legislature Fund is the successor fund of the California Fund for Senior Citizens. All assets, liabilities, revenues, and expenditures of the California Fund for Senior Citizens shall be transferred to, and become a part of, the California Senior Legislature Fund, as provided in Section 16346 of the Government Code. Any references in state law to the California Fund for Senior Citizens shall be construed to refer to the California Senior Legislature Fund.