California Government Code 62306 – (a) A minimum of 95 percent of the allocated tax increment …
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(a) A minimum of 95 percent of the allocated tax increment revenues pursuant to subdivision (b) of Section 62304 shall be used to fund eligible projects.
(b) Not more than 5 percent of allocated revenues may be used for administration.
Terms Used In California Government Code 62306
- Subdivision: means a subdivision of the section in which the term occurs unless some other section is expressly mentioned. See California Government Code 10
(Added by Stats. 2022, Ch. 266, Sec. 1. (SB 852) Effective January 1, 2023.)