Cal. Veh. Code § 42272

Current through the 2023 Legislative Session.
Section 42272 - Transfer; repayment

For the 2012-13 fiscal year, upon order of the Director of Finance, the Controller shall transfer four hundred thirty-two million two hundred thousand dollars ($432,200,000) from the Motor Vehicle Account to the General Fund as a loan, provided that the loan shall be repaid. The Director of Finance shall order the repayment by the Controller of that four hundred thirty-two million two hundred thousand dollars ($432,200,000) to the Motor Vehicle Account no later than June 30, 2016.

Ca. Veh. Code § 42272

Added by Stats 2012 ch 22 (AB 1465),s 8, eff. 6/27/2012.