California Health and Safety Code 125291.150 – All money deposited in the fund that is derived from premium and …
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All money deposited in the fund that is derived from premium and accrued interest on bonds sold shall be reserved in the fund and shall be available for transfer to the General Fund as a credit to expenditures for bond interest, except the amounts derived from premium may be reserved and used to pay costs of issuance prior to any transfer to the General Fund.
(Added November 3, 2020, by initiative Proposition 14, Sec. 24. Effective on December 16, 2020.)
Terms Used In California Health and Safety Code 125291.150
- Fund: means the California Stem Cell Research, Treatments, and Cures Fund of 2020 created pursuant to Section 125291. See California Health and Safety Code 125291.95