Source: http://www.boe.ca.gov/lawguides/business/current/btlg/vol1/sutl/sales-and-use-tax-law-chapter9-all.html
Timestamp: 2013-05-25 05:30:55
Document Index: 269863426

Matched Legal Cases: ['art 2', 'art 3', 'art 31', 'art 31', 'art 2', 'art 2', '§ 7102', 'art 1']

Sales And Use Tax Law - Chapter 9
Business Taxes Law Guide – Revision 2013 BTLG Table of Contents > Sales and Use Tax Law > Chapter 9 > entire chapter
Sales And Use Tax Law CHAPTER 9. DISPOSITION OF PROCEEDS
7101.	Retail Sales Tax Fund.
7101.3.	Disposition of funds; Fiscal Recovery Fund.
7102.	Disposition of fund.
7102.1. Public Transportation Account. [Repealed.]
7103.	Mass Transportation Fund. [Repealed.]
7103.1 Transfers to Public Transportation Account
7104.	Transportation Investment Fund.
7104.1.	Exclusion; suspension of Transportation Investment Fund.
7104.2.	Transportation Investment Fund; continuance.
7104.3.	Adjustments for unliquidated emcumbrances; Transportation Investment Fund.
7104.4. Remaining obligations: Transportation Investment Fund.
7105.	Transportation Deferred Investment Fund.
7106.	Transfers to and from the Transportation Deferred Investment Fund.
7107.	Transfers Investment Fund; transfers from General Fund.
7101. Retail Sales Tax Fund. All fees, taxes, interest, and penalties, imposed and all amounts of tax required to be paid to the state under this part, and restitution orders or any other amounts otherwise authorized by law to be collected by the board, or any other amounts imposed by a court of competent jurisdiction to be paid to the board shall, except as provided in Section 6452.1, be paid to the board in the form of remittances payable to the State Board of Equalization of the State of California. The board shall transmit the payments to the Treasurer to be deposited in the State Treasury to the credit of the Retail Sales Tax Fund.
History.—Stats. 2003, Ch. 718 (SB 1009), in effect January 1, 2004, added ", except as . . . 6452.1," after "this part shall", and deleted "State" after "payments to the". Stats. 2011, Ch. 727 (AB 242), in effect January 1, 2012, added ", and restitution… to the board" after "under this part" in the first sentence.
7101.3. Disposition of funds; Fiscal Recovery Fund.Notwithstanding Section 7101, all revenues, less refunds, derived from the taxes imposed to Sections 6051.5 and 6201.5 shall be deposited in the State Treasury to the credit of the Fiscal Recovery Fund, as established pursuant to Section 99008 of the Government Code.
7102. Disposition of fund. The money in the fund shall, upon order of the Controller, be drawn therefrom for refunds under this part, credits or refunds pursuant to Section 60202, and refunds pursuant to Section 1793.25 of the Civil Code, or be transferred in the following manner:
(a) (1) All revenues, less refunds, derived under this part at the 4¾-percent rate, including the imposition of sales and use taxes with respect to the sale, storage, use, or other consumption of motor vehicle fuel which would not have been received if the sales and use tax rate had been 5 percent and if motor vehicle fuel, as defined for purposes of the Motor Vehicle Fuel License Tax Law (Part 2 (commencing with Section 7301)), had been exempt from sales and use taxes, shall be estimated by the State Board of Equalization, with the concurrence of the Department of Finance, and shall be transferred quarterly to the Public Transportation Account, a trust fund in the State Transportation Fund, except as modified as follows:
(H) For the 2008–09 fiscal year and every fiscal year thereafter, 50 percent of the revenue estimated pursuant to this paragraph each quarter shall, notwithstanding any other provision of this paragraph or any other provision of law, be transferred to the Mass Transportation Fund. Notwithstanding this requirement, for the 2008–09 fiscal year, the amount of three hundred eight million seven hundred thirty-five thousand dollars ($308,735,000) for each of the first three quarters, and the amount of one hundred fifteen million twenty-nine thousand dollars ($115,029,000) for the fourth quarter, shall be transferred to the Mass Transportation Fund. If revenue for any quarter is less than the specified amount, the transfer in the subsequent quarter or quarters shall be increased so that the total transfer for the fiscal year is one billion forty-one million two hundred thirty-four thousand dollars ($1,041,234,000).
(2) All revenues, less refunds, derived under this part at the 4¾-percent rate, resulting from increasing, after December 31, 1989, the rate of tax imposed pursuant to the Motor Vehicle Fuel License Tax Law on motor vehicle fuel, as defined for purposes of that law, shall be transferred quarterly to the Public Transportation Account, a trust fund in the State Transportation Fund.
(3) All revenues, less refunds, derived under this part at the 4¾-percent rate from the imposition of sales and use taxes on fuel, as defined for purposes of the Use Fuel Tax Law (Part 3 (commencing with Section 8601)) and the Diesel Fuel Tax Law (Part 31 (commencing with Section 60001)), shall be estimated by the State Board of Equalization, with the concurrence of the Department of Finance, and shall be transferred quarterly to the Public Transportation Account, a trust fund in the State Transportation Fund.
(4) All revenues, less refunds, derived under this part from the taxes imposed pursuant to Sections 6051.2 and 6201.2 shall be transferred to the Sales Tax Account of the Local Revenue Fund for allocation to cities and counties as prescribed by statute.
History.—Stats. 1971, p. 2785, operative July 1, 1972, provided for transfers to the State Transportation Fund according to estimates by the State Board of Equalization. Stats. 1972, Ch. 1406, effective December 26, 1972, repealed and reenacted the section on June 1, 1973, changing the percentage rates to 4¾ and 5 percent and deleting the words, "the Transportation Planning and Research Account in." Stats. 1972, Ch. 1408, effective December 27, 1972, deleted "shall be transferred monthly to the State Transportation Fund." which followed "State Board of Equalization" in (a) and inserted the present language. Stats. 1975, Ch. 1130, in effect January 1, 1976, substituted "1972–73 fiscal year and ending with the first six months of the 1975–76 fiscal year on December 31, 1975. Effective January 1, 1976," for "fiscal year 1972–73" and "calendar" for "fiscal." Stats. 1979, Ch. 161, effective June 28, 1979, in (a), changed "3¾" to "4¾" and "4" to "5", deleted references to past fiscal years, deleted "as soon as practicable after the close of each claendar year" following "shall be made", changed "Research" to "Development" following "Transportation Planning and", added "each calendar quarter" following "shall be transferred", added wording following "State Transportation Fund." Stats. 1981, Ch. 541, in effect September 17, 1982, substituted "been" for "remained at" before "5 percent" in the first sentence of, and deleted the balance of the first paragraph in, and substituted a new second paragraph in, subdivision (a); and added a new subdivision "(c)" and "(d)". Stats. 1985, Ch. 1600, effective October 2, 1985, added "(1)" and substituted "if motor . . . Finance" for "Section 6357 . . . Finance", deleted "(1) One hundred . . . base year" and added "for appropriation . . . Code" in paragraph (1), added paragraph (2) and deleted former paragraph (2), deleted "and (3)" before "of subdivision" in subdivision (c), and deleted subdivision (d). Stats. 1986, Ch. 41, effective March 31, 1986, amended (b) and (c) to specify that the deficiency in the 1987–88 budget be transferred from the sales and use tax on fuel as defined under the Use Fuel Tax Law. Stats. 1987, Ch. 1280, effective January 1, 1988, added to first paragraph "and pursuant to Section 1793.25 of the Civil Code" following "refunds under this part", added hyphen after "4¾". Stats. 1989, Ch. 14 (1X), in effect November 8, 1989, added "and" after "Finance" in paragraph (1) of subdivision (a), deleted former paragraph (2) and added paragraph (2) of subdivision (a), added subdivisions (b) and (c), changed previous subdivisions (b) and (c) to (d) and (e), substituted "subdivisions (a) and (b)" for "subdivision (a)" in subdivision (e). Stats. 1990, Ch. 174, in effect June 22, 1990, added a comma after "Finance," substituted "quarterly" for "during each fiscal year", added ", a trust fund" after "Account" and deleted "for appropriation pursuant to Section 99312 of the Public Utilities Code." after "Fund" in paragraph (1) of subdivision (a); renumbered former paragraph (2) as paragraph (3); renumbered former subdivision (b) as paragraph (2); substituted "quarterly" for "during each fiscal year" and substituted ", a trust fund in the State Transportation Fund" for "for appropriation pursuant to Section 99312 of the Public Utilities Code." in paragraph (2) of subdivision (a); substituted "derived under this part at the 4¾-percent rate" for "due to", deleted "at the 4¾-percent rate" after "Section 8601))," added "estimated by . . . and shall be" before "transferred", substituted "quarterly" for "during each fiscal year", and substituted ", a trust fund in the State Transportation Fund" for "for appropriation pursuant to Section 99312 of the Public Utilities Code" in paragraph (2) of subdivision (a); renumbered former subdivision (c) as paragraph (4); added "for the period . . . inclusive" after "6201.1" in paragraph (4) of subdivision (a); added paragraphs (5) and (6) to subdivision (a); relettered former subdivision (d) as (b) and (e) as (c); substituted "estimates" for "estimate", "subdivision" for "subdivisions", deleted "and (b)" before "shall be based" twice, substituted a comma for "and" before "(2)", added ", and (3)" after "(2)", substituted "subdivision" for "subdivisions", deleted "and (b)" in the second sentence of subdivision (c); and added subdivision (d). Stats. 1991, Ch. 85, in effect June 30, 1991, operative July 1, 1991, added paragraph (7) to subdivision (a). Stats. 1993, Ch. 73, in effect June 30, 1993, added paragraphs (8) and (9) to subdivision (a). Stats. 1993, Ch. 866, in effect January 1, 1994, added paragraph (10) to subdivision (a). Stats. 1994, Ch. 136, in effect July 5, 1994, added subdivision (d) and relettered former subdivision (d) as (e). Stats. 1997, Ch. 620 (SB 1102), substituted "credits and refunds pursuant to Section 60202, and refunds" for "and" after "under this part" in the first paragraph, and added "and the Diesel Fuel Tax Law (Part 31 (commencing with Section 60001))" after "Section 8601))" in paragraph (3) of subdivision (a). Stats. 2000, Ch. 91 (AB 2928), in effect July 7, 2000, added a comma after "from increasing" in paragraph (2), and deleted former paragraphs (11), (12), and (13), of subdivision (a) which provided, "(11) All revenues, less refunds, derived under this part at the 5-percent rate, resulting from the rate of tax imposed pursuant to the Motor Vehicle Fuel License Tax Law (Part 2 (commencing with Section 7301)) on motor vehicle fuel, less the amount transferred pursuant to paragraph (2) of subdivision (a), shall be transferred quarterly to the Traffic Congestion Relief Fund. (12) All revenue, less refunds, derived under this part at the 5-percent rate, resulting from the rate of federal motor vehicle fuel tax imposed pursuant to Section 4081 of Title 26 of the Internal Revenue Code, shall be transferred quarterly to the Traffic Congestion Relief Fund. (13) All revenue, less refunds, derived under this part at the 5-percent rate, with respect to the sale, storage, use, or other consumption of motor vehicle fuel, as defined for purposes of the Motor Vehicle Fuel License Tax Law (Part 2 (commencing with Section 7301)), other than that transferred pursuant to paragraph (1), (2), (11), or (12) of subdivision (a), shall be transferred quarterly to the Traffic Congestion Relief Fund. In no event shall the transfer to the Traffic Congestion Relief Fund pursuant to paragraph (11), (12), and (13) of subdivision (a) of this section, exceed one hundred twenty-five million dollars ($125,000,000) in any quarter."; added "and" after "(1), (2)," and deleted "(11), (12), and (13)" before "subdivision (a)" in subdivision (c); deleted former subdivision (f) which provided, "The transfers authorized by paragraphs (11), (12), and (13) of subdivision (a) shall be operative for the 2000–01 fiscal year only."; relettered former subdivision (g) as (f) and substituted "become operative on June 30, 2001" for "remain in effect only until June 30, 2001, and as of that date is repealed, unless a later enacted statute that is enacted before June 30, 2001, deletes or extends that date." therein. Stats. 2001, Ch. 113 (AB 438), in effect July 30, 2001, substituted "Public Transportation Account" for "Transportation Planning and Development Account" after "quarterly to the" in paragraphs (1), (2), and (3), and added subparagraph (A) to paragraph (1) in subdivision (a); and substituted "Public Transportation Account" for "Transportation Planning and Development Account" after "designation of the" and after "may use the" in subdivision (d). Stats. 2003, Ch. 224 (AB 1751), in effect August 11, 2003, added subparagraph (C) of paragraph (1) of subdivision (a), substituted "the taxes imposed . . . by statute" for "a rate of more than 4¾ percent pursuant to Sections 6051.1 and 6201.1 for the period December 1, 1989, to June 5, 1990, inclusive, shall be transferred to the Disaster Relief Fund created by Section 16419 of the Government Code" after "this part from" in subparagraph (4) of subdivision (a); deleted former paragraphs (5) through (10) which provided for the disposition of funds pursuant to 6051.1, 6201.1, 6051.2, 6201.2, 6051.6, 6201.6 and the increase in the revenues attributable to the increase in the rate of federal motor vehicle fuel tax between January 1, 1993 and the rate in effect on January 1, 1994; and deleted former subdivision (f) which read, "This section shall become operative on June 30, 2001.". Stats. 2004, Ch. 212 (SB 1098), in effect August 11, 2004, added subparagraph (D) to paragraph (1) of subdivision (a). Stats. 2005, Ch. 76 (SB 62), in effect July 19, 2005, added subparagraphs (E) and (F) to paragraph (1) of subdivision (a). Stats. 2006, Ch. 56 (SB 1132), in effect July 7, 2006, substituted ", except as modified as follows:" for a period after "Transportation Fund" in paragraph (1) of subdivision (a), substituted "the revenues estimated . . . and allocated as follows:" for "no transfers shall be made pursuant to this paragraph, except that if the amount to be otherwise transferred pursuant to this paragraph is in excess of two hundred million dollars ($200,000,000), then the amount of that excess shall be transferred" in, and added subparagraphs (i), (ii), (iii), and (iv) to, subparagraph (F) of paragraph (1) of subdivision (a). Stats. 2007, Ch. 173 (SB 79) in effect August 24, 2007, added subparagraphs (G) and (H) to paragraph (1) of subdivision (a). Stats. 2008, Ch. 756 (AB 268), in effect September 30, 2008, added last two sentences in subparagraph (H) of paragraph (1) of subdivision (a). Stats. 2009, Ch. 10XXXX (AB 10XXXX), in effect July 29, 2009, substituted "three hundred … ($1,041,234,000)" for "two hundred thirty-four million eight hundred fifty-two thousand dollars ($234,852,000) each quarter shall be transferred to the Mass Transportation Fund. If revenue for any quarter is less than that amount, the transfer in the subsequent quarter or quarters shall be increased so that the total transfer for the fiscal year is nine hundred thirty-nine million four hundred eight thousand dollars ($939,408,000)" after "the amount of" in subparagraph (H) of paragraph (1) of subdivision (a).
7102.1. Public Transportation Account. [Repealed by Stats. 2011, Ch. 6 (AB 105), effective March 24, 2011.]
Former § 7102.1 was added by Stats. 2010, Ch. 12, Eighth Extraordinary Session (ABx8 9), in effect March 22, 2010; and repealed by Stats. 2011, Ch. 6 (AB 105), in effect March 24, 2011.
7103. Mass Transportation Fund. [Added by Stats. 2007, Ch. 173 (SB 79) and repealed by Stats. 2007, Ch. 313 (AB 193), in effect October 8, 2007.]
7103. Mass Transportation Fund. [Repealed by Stats. 2010, Ch. 12, Eighth Extraordinary Session (ABx8 9), in effect March 22, 2010.]
7103.1. Transfers to Public Transportation Account. (a) All moneys in the Mass Transportation Fund shall be transferred to the Public Transportation Account on the date that fund ceases to exist pursuant to the repeal of Section 7103.
(b) This section shall remain in effect only until January 1, 2011, and as of that date is repealed, unless a later enacted statute, that is enacted before January 1, 2011, deletes or extends that date. History—Added by Stats. 2010, Ch. 12, Eighth Extraordinary Session (ABx8 9), in effect March 22, 2010.
7104. Transportation Investment Fund. (a) The Transportation Investment Fund (hereafter the fund) is hereby created in the State Treasury. Notwithstanding Section 13340 of the Government Code, the moneys in the fund are continuously appropriated without regard to fiscal years for disbursement in the manner and for the purposes set forth in this section.
(4) To the Controller for apportionment to the counties, including a city and county, 20 percent of the amount remaining after the transfer required under paragraph (1), except that in 2006–07 and 2007–08 fiscal years, no transfer may be made under this paragraph. Funds transferred under this paragraph shall be allocated in accordance with the following formulas:
(5) To the Controller for apportionment to cities, including a city and county, 20 percent of the amount remaining after the transfer required under paragraph (1), except that the 2006–07 and 2007–08 fiscal years, no transfer may be made under this paragraph. Funds transferred under this paragraph shall be apportioned among the cities in the proportion that the total population of the city bears to the total population of all the cities in the state.
(d) Funds received under paragraphs (4) and (5) of subdivision (c) shall be deposited as follows in order to avoid the commingling of those funds with other local funds:
(e) Funds allocated to a city, county, or city and county under this section shall be used only for street and highway maintenance, rehabilitation, reconstruction, and storm damage repair. For purposes of this section, the following terms have the following meanings:
(2) In order to receive any allocation pursuant to paragraph (4) or (5) of subdivision (c), the city or county shall annually expend from its general fund for street, road, and highway purposes an amount not less than the annual average of its expenditures from its general fund during the 1996–97, 1997–98, and 1998–99 fiscal years, as reported to the Controller pursuant to Section 2151 of the Streets and Highways Code. For purposes of this paragraph, in calculating a city's or county's annual general fund expenditures and its average general fund expenditures for the 1996–97, 1997–98, and 1998–99 fiscal years, any unrestricted funds that the city or county may expend at its discretion, including vehicle in-lieu tax revenues and revenues from fines and forfeitures, expended for street and highway purposes shall be considered expenditures from the general fund. One-time allocations that have been expended for street and highway purposes, but which may not be available on an ongoing basis, including revenue provided under the Teeter Plan Bond Law of 1994 (Chapter 6.6 (commencing with Section 54773) of Part 1 of Division 2 of Title 5 of the Government Code), may not be considered when calculating a city's or county's annual general fund expenditures.
(h) (1) For the purpose of allocating funds under paragraph (4) or (5) of subdivision(c) to counties, cities, and a city and county, the Controller shall use the most recent population estimates prepared by the Demographic Research Unit of the Department of Finance. For a city that incorporated after January 1, 1998, that does not appear on the most recent population estimates prepared by the Demographic Research Unit, the Controller shall use the population determined for that city under Section 11005.3 of the Revenue and Taxation Code.
History.—Added by Stats. 2000, Ch. 91 (AB 2928), in effect July 7, 2000. Stats. 2000, Ch. 656 (SB 1662), in effect September 26, 2000, added second sentence in subdivision (a); added "and apportionments" after "following transfers" and "identified . . . subdivision (b)" after "from the funds" in subdivision (c); substituted "Traffic" for "Transportation" before "Congestion Relief" in paragraph (1), added "expenditure for" after "of Transportation for" in paragraph (3), added "Controller for apportionment to the" after "To the" in paragraph (4), and added "the Controller for apportionment to the" before "cities, including" in paragraph (5) of subdivision (c); added ", where the . . . (FEMA) funds" in paragraph (3) of subdivision (e); added "any city . . . incorporated" after "(3) For", and created new paragraph (4) with the former first sentence of paragraph (3), and substituted "(2)" for "(1)" after "of paragraph" and deleted "At the conclusion of each fiscal year during which a city or county receives funding under paragraph (4) or (5) of subdivision (c), the Controller shall verify the city's or county's" therein; created new paragraph (5), and added "The Controller may perform audits to ensure" before "compliance with paragraph", substituted "(2) when deemed necessary" for "(1)" after "compliance with paragraph", and substituted "(2)" for "(1)" after "comply with paragraph" therein; renumbered former paragraph (5) as (6), and substituted "(2)" for "(1)" after "paragraph" twice therein; renumbered paragraph (6) as (7) in subdivision (f); added subdivision (h); created new subdivision (i) with former last sentence of statute, and substituted "the date that . . . following that date" for "June 30, 2006, and, as of January 1, 2007, is repealed, unless a later enacted statute that is enacted before January 1, 2007, deletes or extends the dates on which it becomes inoperative and" after "become inoperative on" therein. Stats. 2001, Ch. 113 (AB 438), in effect July 30, 2001, substituted "Commencing with the 2003–04 fiscal year, the" for "The" before "Controller shall transfer" in paragraph (3) of subdivision (b); added "except that . . . ($93,400,000)" after "($169,500,000)", and substituted "thirteen million . . . ($3,313,900,000)" for "ninety million dollars($3,390,000,000)" in paragraph (1), added "except that . . . paragraph (1)" after "under paragraph (1)," in paragraph (3), added "except that . . . shall be allocated" after "under paragraph (1)," in paragraph (4), and added "except that . . . this paragraph" in paragraph (5) of subdivision (c); substituted "paragraph (4) or (5) of subdivision (c)" for "this section" after "funds under" in subdivision (h); and substituted "2008" for "2006" after "on June 30," in subdivision (i). Stats. 2006, Ch. 556 (AB 1602), in effect January 1, 2007, added paragraph designation "(1)" after "(h)" in, and added paragraph (2) to, subdivision (h). Stats. 2008, Ch. 756 (AB 268), in effect September 30, 2008, substituted "made available" for "appropriated by the Legislature" after "paragraph shall be" in paragraph (2) of, added ",subject to appropriation by the Legislature" after "Public Utilities Code" in subparagraph (A) of paragraph (2) of, and added last sentence in subparagraphs (B) and (C) of paragraph (2) of, subdivision (c). Stats. 2010, Ch. 328 (SB 1330), in effect January 1, 2011, substituted "the moneys in the fund are" for "the money in the fund is" after "Government Code, the" in subdivision (a), and substituted "7326" for "7304" after "defined in Section" in paragraph (1) of subdivision (b). Stats. 2011, Ch. 296 (AB 1023), in effect January 1, 2012, added a closed parenthesis after "the Government Code" in the third sentence of paragraph (2) of subdivision (f).
7104.1. Exclusion; suspension of Transportation Investment Fund. Notwithstanding any other provision of law, the requirements imposed on cities and counties by subdivision (f) of Section 7104 shall not apply for any fiscal year in which the transfer of revenues from the General Fund to the Transportation Investment Fund is suspended pursuant to Article XIX B of the California Constitution and funds consequently are not made available for allocation to cities or counties pursuant to paragraphs (4) and (5) of subdivision (c) of Section 7104.
History.—Added by Stats. 2003, Ch. 716 (SB 460), in effect January 1, 2004.
History.—Added by Stats. 2007, Ch. 733 (SB 717), in effect January 1, 2008. Stats. 2008, Ch. 756 (AB 268), in effect September 30, 2008, substituted "made available" for "allocated" after "paragraph shall be" in paragraph (1) of, added ", subject to appropriation by the Legislature" after "Public Utilities Code" in subparagraph (A) of paragraph (1) of, and added last sentence in subparagraphs (B) and (C) of paragraph (1) of subdivision (c). Stats. 2009, Ch. 23XXXX (SB 16XXXX), in effect July 28, 2009, added subdivision (h). Stats. 2010, Ch. 328 (SB 1330), in effect January 1, 2011, substituted "7326" for "7304" after "defined in Section" in paragraph (1) of subdivision (b), and substituted "subparagraphs" for "paragraphs" after "apportionment pursuant to" in paragraph (3) of subdivision (c). Stats. 2012, Ch. 1 (SB 95) in effect February 3, 2012, added subdivision (i).
7104.3. Adjustments for unliquidated encumbrances; Transportation Investment Fund. Notwithstanding any other provision of law, the Department of Finance may adjust the budgeting, accounting, and reporting system for the Transportation Investment Fund so that unliquidated encumbrances are not reflected in the fund balance or financial statement.
History.—Added by Stats. 2006, Ch. 56 (SB 1132), in effect July 7, 2006.
7104.4. Remaining obligations: Transportation Investment Fund. All remaining obligations of the Transportation Investment Fund as of July 1, 2010, that cannot be funded with resources in that fund shall become obligations of the State Highway Account. History.—Added by Stats. 2010, Ch. 12, Eighth Extraordinary Session (ABx8 9), in effect March 22, 2010.
7105. Transportation Deferred Investment Fund. (a) The Transportation Deferred Investment Fund is hereby created in the State Treasury. The Transportation Deferred Investment Fund is hereby created in the State Treasury. The Transportation Deferred Investment Fund is to be considered part of the Transportation Investment Fund, except as specifically required for accounting purposes, in order to facilitate the repayment and allocation of revenues consistent with paragraph (1) of subdivision (f) of Section 1 of Article XIX B of the California Constitution as provided in this section and Section 7106.
(b) Pursuant to Section 14557 of the Government Code, the transfer of revenues from the General Fund to the Transportation Investment Fund that would have otherwise been required under subdivision (a) of Section 1 of Article XIX B of the California Constitution was partially suspended for the 2003–04 fiscal year. The amount of the transfer for the 2003–04 fiscal year was two hundred eighty-nine million dollars ($289,000,000). According to the State Board of Equalization calculations, with the concurrence of the Department of Finance, the amount of the transfer suspended for the 2003–04 fiscal year was eight hundred sixty-seven million five hundred sixty-eight thousand dollars ($867,568,000). On or before June 30, of each fiscal year until June 30, 2016, the Controller shall transfer an amount from the General Fund to the Transportation Deferred Investment Fund that is equal to the minimum repayment required by Article XIX B of the California Constitution. The repayment shall also include interest calculated at the Pooled Money Investment Account rate relative to the amounts that would otherwise have been available for the transportation programs described in paragraphs (2) to (5), inclusive, of subdivision (c) of Section 7104. The amount to be repaid by June 30, 2016, from the General Fund to the Transportation Deferred Investment Fund shall be reduced by the amount of any payment made to the Transportation Deferred Investment Fund from any funding source, excluding subdivision (d). The moneys deposited in the Transportation Deferred Investment Fund pursuant to this subdivision are continuously appropriated without regard to fiscal years for disbursement in the manner and for the purposes set forth in this section.
(c) The Controller, from the moneys deposited in the Transportation Deferred Investment Fund pursuant to subdivision (b) and Article XIX B of the California Constitution, shall make transfers and apportionments of those funds in the same manner and amounts that would have been made in the 2003–04 fiscal year from the Transportation Investment Fund pursuant to Section 7104, as that section read on January 1, 2003, if the transfer of funds from the General Fund to the Transportation Investment Fund had not been partially suspended for the 2003–04 fiscal year pursuant to Section 14557 of the Government Code, except that in the 2007–08 fiscal year any remaining principle or interest owed to the Public Transportation Account shall be repaid first before any other transfers are made. However, in making those transfers and apportionments, the Controller shall take into account and deduct therefrom any transfers and apportionments that were made from the Transportation Investment Fund in the 2003–04 fiscal year from funds made available pursuant to subdivision (b) of Section 14557 of the Government Code. It is the intent of the Legislature that, upon completion of the transfer of funds pursuant to subdivision (b) from the General Fund to the Transportation Deferred Investment Fund, each of the transportation programs that was to have been funded during the 2003–04 fiscal year from the Transportation Investment Fund pursuant to Section 7104 of this code shall have received the amount of funding that the program would have received in the absence of the suspension of the transfer pursuant to Section 14557 of the Government Code.
(g) Notwithstanding any other provision of law, the Department of Finance may adjust the budgeting, accounting, and reporting system for the Transportation Deferred Investment Fund so that unliquidated encumbrances are not reflected in the fund balance or financial statement.
History.—Added by Stats. 2003, Ch. 224 (AB 1751), in effect August 11, 2003. Stats. 2004, Ch. 212 (SB 1098), in effect August 11, 2004, added second sentence in subdivision (b); substituted "the money deposited" for "money" after "Controller, from" and added "pursuant to subdivision (b)" after "Investment Fund" in the first sentence, and substituted "the 2003–04 fiscal year" for "fiscal year 2003–04" in the third sentence of subdivision (c); added subdivision (d); relettered former subdivisions (d) and (e) as (e) and (f); and substituted "the 2003–04 fiscal year" for "fiscal year 2003–04" after "not receive in" in subdivision (e). Stats. 2005. Ch. 22 (SB 1108), in effect January 1, 2006, substituted "moneys deposited" for "money" after "subdivision (d). The" in the second sentence of subdivision (b), and added "pursuant to this subdivision" after "Investment Fund" in the third sentence of subdivision (b); substituted "moneys" for "money" after "Controller, from the " in the first sentence of subdivision (c), substituted "the 2003–04 fiscal year" for "fiscal year 2003–04" after "funded during" and substituted "this code" for "the Revenue and Taxation Code" after "Section 7104 of" in the third sentence of subdivision (c); and added "paragraph (1) of" after "subparagraph (a) of" in subdivision (d). Stats. 2006, Ch. 56 (SB 1132), in effect July 7, 2006, substituted "are" for "is" after "to this subdivision" in the second sentence of subdivision (b); added a comma after "Legislature that" and deleted ", that" after "Investment Fund" in the third sentence of subdivision (c); deleted former subdivision (d) which provided, "To the extent that funds are provided under clauses (iii) and (v) of subparagraph (A) of paragraph (1) of subdivision (c) of Section 63048.65 of the Government Code to the Traffic Congestion Relief Fund for apportionment pursuant to subparagraphs (B) and (C) of paragraph (2) of subdivision (c) of Section 7104, paragraph (4) of subdivision (c) of Section 7104, and paragraph (5) of subdivision (c) of Section 7104, the Controller shall deduct an equal amount from any transfer of funds from the Transportation Deferred Investment Fund made for those apportionments and transfer that amount instead to the Traffic Congestion Relief Fund."; relettered former subdivision (d) as (e); and added new subdivisions (e) and (g). Stats. 2007, Ch. 173 (SB 79), in effect August 24, 2007, added the second sentence in subdivision (a); added first three sentences, substituted "of each fiscal year until June 30, 2016," for ", 2009" after "or before June 30", and substituted "the minimum repayment required by Article XIX B of the California Constitution. The repayment shall also include" for "the amount that was not transferred from the General Fund to the Transportation Investment Fund for the 2003–04 fiscal year because of the partial suspension of the transfer pursuant to Section 14557 of the Government Code, plus" after "is equal to" in the former first sentence, and substituted "repaid by June 30, 2016," for "transferred" after "the amount to be" in the former second sentence of subdivision (b); added "and Article . . . Constitution" after "subdivision (b)" and added ", except that . . . are made" in the first sentence of subdivision (c).
7107. Transportation Investment Fund; transfers from General Fund. Pursuant to the requirements of paragraph (1) of subdivision (b) of Section 1 of Article XIX B of the California Constitution, moneys in the Transportation Investment Fund derived from the 2005–06, 2006–07, and 2007–08 fiscal year transfers from the General Fund made pursuant to subdivision (a) and paragraph (1) of subdivision (b) of Section 1 of Article XIX B of the California constitution are hereby continuously appropriated without regard to fiscal years for disbursement in the manner and for the purposes set forth in Section 7104 as that section read on March 6, 2002.
History.—Added by Stats. 2005, Ch. 76 (SB 62), in effect July 19, 2005.