California Health and Safety Code 116761.85 – (a) Moneys repaid to the state pursuant to any contract executed …
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(a) Moneys repaid to the state pursuant to any contract executed pursuant to this chapter, including interest payments and all interest earned on or accruing to any moneys in the fund, shall be deposited in the fund and shall be available in perpetuity, for expenditure for the purposes and uses permitted by this chapter and the federal act.
(b) This section shall become operative on July 1, 2014.
Terms Used In California Health and Safety Code 116761.85
- Contract: A legal written agreement that becomes binding when signed.
- State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
(Repealed (in Sec. 121) and added by Stats. 2014, Ch. 35, Sec. 122. (SB 861) Effective June 20, 2014. Section operative July 1, 2014, by its own provisions.)