California Revenue and Taxation Code Section 18708

CA Rev & Tax Code § 18708 (2017)  

All moneys transferred to the Special Olympics Fund pursuant to Section 18707, upon appropriation by the Legislature, shall be allocated as follows:

(a) To the Franchise Tax Board and the Controller for reimbursement of all costs incurred by the Franchise Tax Board and the Controller in connection with their duties under this article.

(b) To the State Department of Social Services where the balance shall be disbursed to the Special Olympics Northern California and the Special Olympics Southern California based on the amount of donations provided by taxpayers in each organization’s jurisdiction based on the county of the taxpayer contributing, for the purpose of supporting children and adults with intellectual disabilities. The State Department of Social Services shall be responsible for overseeing that disbursement and may use up to 3 percent of the moneys allocated to it for administrative costs. The Special Olympics Northern California and the Special Olympics Southern California shall not use the moneys received pursuant to this article for administrative costs.

(c) The Special Olympics Northern California and the Special Olympics Southern California shall annually provide a report to the State Department of Social Services that includes documentation that the moneys disbursed to each organization pursuant to this section were not used for administrative costs nor for any purposes outside of California and that describes in narrative form the amount of moneys received pursuant to this section and the purposes for which the moneys were expended.

(Amended by Stats. 2017, Ch. 561, Sec. 235. (AB 1516) Effective January 1, 2018. Inoperative on date prescribed in Section 18709. Repealed, pursuant to Section 18709, on December 1 following inoperative date.)

Last modified: October 25, 2018