The initial assessment level shall be the amount that the selection committee recommends in its report to the Governor pursuant to Section 13995.30, which may be less than twenty-five million dollars ($25,000,000). This assessment level is a target, and shall serve as the basis for setting application of the assessment formulae, but the actual amount of collected assessments may be more or less than the assessment level.
(Added by Stats. 2003, Ch. 229, Sec. 1.5. Effective January 1, 2004.)
Last modified: October 25, 2018