Section 38904 Of Chapter 10. Disposition Of Proceeds From California Revenue And Taxation Code >> Division 2. >> Part 18.5. >> Chapter 10.
38904
. The money in the Timber Tax Fund is appropriated as follows:
(a) To reimburse the General Fund for funds advanced for costs
incurred by the board in administration of this part as follows:
(1) Four hundred sixty-seven thousand nine hundred thirty dollars
($467,930) for fiscal years 1975-76 and 1976-77.
(2) Amounts identified and approved in subsequent fiscal years as
approved in the Budget Bill. One-half of this amount shall be
reimbursed to the General Fund between November 1 and November 10,
and the remaining one-half between May 1 and May 10. In the event
that not all funds approved in the Budget Bill are actually expended
by the board, then in the succeeding fiscal year, the amount to be
reimbursed to the General Fund between November 1 and November 10
shall be reduced by an amount equal to the unexpended appropriation
of the preceding fiscal year.
(b) To reimburse the General Fund for funds advanced for costs
incurred by the State Forester in administration of Section 4582.8 of
the Public Resources Code as follows:
(1) Thirteen thousand five hundred dollars ($13,500) for fiscal
years 1975-76 and 1976-77.
(2) Amounts identified and approved in subsequent fiscal years as
approved in the Budget Bill.
(c) To the Controller to allocate pursuant to Sections 38905 and
38905.1.
(d) To pay refunds authorized by this part of taxes imposed
pursuant to Section 38115 and interest, penalties, and other amounts
paid or collected pursuant to this part and deposited in the Timber
Tax Fund.