There is in the State Treasury the School Land Bank Fund, which is hereby created. Notwithstanding § 13340 of the Government Code, all moneys in the fund are appropriated to the commission for expenditure, without regard to fiscal years, for the purposes of this division. When performing the powers and duties set forth in this division, the commission shall be known as the School Land Bank Trustee.

(Added by Stats. 2011, Ch. 485, Sec. 2. (AB 982) Effective January 1, 2012.)