(a) All money transferred to the Revive the Salton Sea Fund, upon appropriation by the Legislature, shall be allocated as follows:
(1) 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.
(2) (A) To the Natural Resources Agency for distribution of competitive grants to provide funds or supplement funding of state, county and local agencies, nonprofit organizations, and projects identified as necessary for the restoration and maintenance of the Salton Sea, including projects identified by the Salton Sea Authority.
(B) Up to 5 percent of the funds to the Natural Resources Agency for development of a mechanism to provide ongoing public awareness through activities that will promote the charitable tax deduction for the fund and seek continued contributions. These activities may include convening a philanthropic roundtable, developing literature for use by city, county, or local agencies and programs, and whatever other activities are deemed necessary and appropriate to promote the fund.
(C) Funds allocated pursuant to this paragraph shall not be used for administrative costs.
(b) Money in the Revive the Salton Sea Fund shall not be used to supplant state General Fund money for any purpose.
(Added by Stats. 2016, Ch. 219, Sec. 1. (SB 1416) Effective January 1, 2017. Inoperative on date prescribed in Section 18738. Repealed, pursuant to Section 18738, on December 1 following inoperative date.)
Last modified: October 25, 2018