For the purposes of implementing this chapter, the Electric Program Investment Charge Fund is hereby created in the State Treasury.
(a) The commission shall administer the fund.
(b) At least quarterly, moneys received by the Public Utilities Commission pursuant to the Electric Program Investment Charge for those programs the Public Utilities Commission has determined should be administered by the Energy Commission shall be forwarded by the Public Utilities Commission to the commission for deposit in the fund.
(c) The Controller shall, as directed by the commission, disburse moneys in the fund for purposes of this chapter.
(d) The commission may use moneys in the fund for the administration of this chapter, as authorized by the Public Utilities Commission and appropriated by the Legislature in the annual Budget Act.
(Added by Stats. 2012, Ch. 39, Sec. 97. (SB 1018) Effective June 27, 2012.)
Last modified: October 25, 2018