Upon order of the commission, any surplus in the Industrial Development Fund not required for the expenses of the commission shall be transferred, in accordance with the commission’s order, to common reserve funds established by the commission pursuant to Section 91560. These moneys may be used, without further appropriation by the Legislature, for the purposes authorized by Section 91560.
(Added by Stats. 1988, Ch. 984, Sec. 6. Effective September 20, 1988.)
Last modified: October 25, 2018