Funds on deposit in the subaccounts shall not exceed the amounts prescribed below, adjusted in accordance with Section 2212 of the Revenue and Taxation Code to equal 1995 dollars:
(a) The Oil Pollution Administration Subaccount shall not exceed five million dollars ($5,000,000).
(b) The Oil Pollution Response and Restoration Subaccount shall not exceed ten million dollars ($10,000,000).
(c) The Hazardous Materials Administration Subaccount shall not exceed five million dollars ($5,000,000).
(d) The Hazardous Material Response and Restoration Subaccount shall not exceed ten million dollars ($10,000,000).
All funds in the Fish and Wildlife Pollution Account in excess of the amounts listed above, on June 30 of each fiscal year, shall be used by the department in succeeding fiscal years for projects that preserve California plants, wildlife, and fisheries.
(Added by Stats. 1995, Ch. 720, Sec. 9. Effective January 1, 1996.)
Last modified: October 25, 2018