2005 California Government Code Sections 13997-13997.1 CHAPTER 3. ECONOMIC DEVELOPMENT

13997.  (a) The Secretary of Business, Transportation and Housing
may accept private sector moneys in an amount not in excess of ten
thousand dollars ($10,000) per donation made to the state for the
purposes of promoting international trade and investment, subject to
Title 9 (commencing with Section 81000), and not in excess of a total
of ten thousand dollars ($10,000) per quarter per donor.  All
private sector moneys shall be used for these purposes but the donor
may specify the international trade and investment office or
international trade or investment event for which the private sector
money shall be used.  The private sector moneys shall be deposited
into the Economic Development and Trade Promotion Account, which is
hereby established in the Special Deposit Fund in the State Treasury.
  The secretary may expend moneys in the account, without regard to
fiscal years, for the purposes of this section.  Moneys in the
Economic Development and Trade Promotion Account may be allocated to
an international trade and investment office, and if so allocated
shall be maintained by that office in an account.  Notwithstanding
any other provision of law, the secretary may use the private sector
moneys for expenses incurred to promote international trade and
investment that will directly benefit California business.  Records
of donations received and expenditures made pursuant to this section
shall be subject to public disclosure.
   (b) The international trade and investment office using the funds
shall memorialize the payment in a written record as follows:
   (1) Identifies the donor and the official or officials receiving
or using the payment.
   (2) Describes the official agency use and the nature and amount of
each payment.
   (3) Is filed with the Business, Transportation and Housing Agency
that maintains the records of the agency's statements of economic
interests, and the filing is done within 30 days of the receipt of
the payment by the agency.
   (c) Nothing in this section shall affect any requirement of the
Political Reform Act (Title 9 (commencing with Section 81000)).
13997.1.  (a) The Governor shall instruct the Secretary of Business,
Transportation and Housing to establish, on a contract basis, an
international trade and investment office in Yerevan, in the Republic
of Armenia, to serve the region of Eastern Europe and Western Asia.
   (b) The secretary shall report to the Legislature on the success
of the international trade and investment office in Yerevan no later
than June 1, 2007. The report shall include, but not be limited to,
all of the following:
   (1) The level of investment and tourism directed to California as
a direct result of the international trade and investment office.
   (2) The level of imports sent to California as a direct result of
the international trade and investment office.
   (3) The level of California exports sent to the region of Eastern
Europe and Western Asia as a direct result of the international trade
and investment office.
   (4) A cost-benefit analysis of the international trade and
investment office.
   (5) An analysis of the costs and outcomes of the international
trade and investment office compared with those of the other
international trade and investment offices.
   (c) This section shall be implemented only to the extent that
funds are available to the Business, Transportation and Housing
Agency for this purpose from any source, including, but not limited
to, federal funding and private donations authorized pursuant to
Section 13997. Private donations made pursuant to Section 13997 and
specified for the international trade and investment office in
Yerevan shall be deposited in a separate subaccount within the
Economic Development and Trade Promotion Account and may be used only
for the operation of this office.
   (d) This section shall remain in effect only until January 1,
2008, and as of that date is repealed, unless a later enacted
statute, that is enacted before January 1, 2008, deletes or extends
that date.