Section 46012 Of Chapter 1. General Provisions And Definitions From California Revenue And Taxation Code >> Division 2. >> Part 24. >> Chapter 1.
46012
. "Designated amount" means an amount equal to one hundred
nine million seven hundred fifty thousand dollars ($109,750,000),
subject to the following:
(a) Fifty-four million eight hundred seventy-five thousand dollars
($54,875,000) shall be retained in the Oil Spill Response Trust Fund
as cash.
(b) Fifty-four million eight hundred seventy-five thousand dollars
($54,875,000) shall be accessible in the Oil Spill Response Trust
Fund in the form of financial security obtained by the Treasurer.