Statute · California Government Code
Cal. Gov't Code § 63048.65 — Tribal Compact Assets Securitization
Cal. Gov't Code § 63048.65
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2017-04-28
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Prior to July 1, 2015, three hundred twenty-one million dollars ($321,000,000) of the one billion two hundred million dollars ($1,200,000,000) of loans from the Traffic Congestion Relief Fund to the General Fund was repaid using tribal gaming compact revenues. In 2016, an additional one…
Citator
Cal. Gov't Code § 63048.65 — Tribal Compact Assets Securitization is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Prior to July 1, 2015, three hundred twenty-one million dollars ($321,000,000) of the one billion two hundred million dollars ($1,200,000,000) of loans from the Traffic Congestion Relief Fund to the General Fund was repaid using tribal gaming compact revenues. In 2016, an additional one hundred seventy-three million dollars ($173,000,000) was repaid from the General Fund.
(b) The remaining seven hundred six million dollars ($706,000,000) of loans from the Traffic Congestion Relief Fund to the General Fund shall be repaid pursuant to Section 14556.8.