The assessment for the passenger rental car industry rate shall be set by the commission, shall be no more than 3.5 percent, and shall be set at a level that will generate no more than 60 percent of all expenditures by the commission as set forth in Section 13995.45.

(Amended by Stats. 2014, Ch. 320, Sec. 2. (SB 1119) Effective January 1, 2015.)