2009 California Government Code - Section 16360-16365.5 :: Article 1.5. Federal Trust Fund

16360.  The Federal Trust Fund is hereby created in the State
Treasury. It consists of money which is paid into it in trust
pursuant to law. Notwithstanding any other provisions of law, all
money received by the state from the United States, the expenditure
of which is administered through or under the direction of any state
agency, shall, under such conditions as the Director of Finance may
prescribe and on order of the State Controller, be deposited in the
Federal Trust Fund.

16361.  All money in the Federal Trust Fund is hereby appropriated,
without regard to fiscal year, for expenditure for the purposes for
which the money deposited therein is made available by the United
States for expenditure by the state.

16362.  Whenever any law provides for the payment and deposit of
specific money received by the state from the United States into a
specific State Treasury fund, the money shall first be credited to
the Federal Trust Fund and then be transferred to or disbursed to the
specific State Treasury fund for fulfilling the purposes for which
the money was collected or received.

16363.  Whenever any agency receives money from the United States
for expenditure by the state and no specific State Treasury fund has
been created to which this money is to be credited, the money shall
be credited to the Federal Trust Fund and shall be held subject to
the right of the state agency to recover it, on claims properly
presented, for fulfilling the purposes for which the money was
collected or received.

16364.  The State Controller and all state agencies receiving money
from the United States shall keep an accurate account of all money
deposited in, transferred to or from, or disbursed from, the Federal
Trust Fund.

16365.  The Director of Finance and the State Controller may approve
any general plan whereby:
   (a) Any expenditures which are a proper charge against the money
made available by the United States and deposited in the Federal
Trust Fund may be paid, in the first instance, from the General Fund
or any other fund in the State Treasury, expenditures from which are
administered through or under the direction of the state agency
receiving the money from the United States and,
   (b) The General Fund or any other fund in the State Treasury shall
be reimbursed for expenditures made therefrom that are a proper
charge against the Federal Trust Fund.
   Such a general plan may provide for advance transfers from the
Federal Trust Fund to the General Fund or any other fund in the State
Treasury, based on estimates of such expenditures that will be
subject to reimbursement from the Federal Trust Fund pursuant to such
plan, and may provide for reimbursements to the Federal Trust Fund.
   Requests for reimbursement or transfer pursuant to such a plan
shall be furnished to the State Controller in writing by the state
agency administering the expenditures accompanied by such financial
statements as the plan may provide. Upon order of the State
Controller, the required amount shall be transferred in accordance
therewith.
   This section shall become operative July 1, 1979.

16365.5.  Any federal funds received by the state as a result of
federally administered timber harvesting pursuant to Section 500 of
Title 16 of the United States Code, Section 60 of Title 30 of the
United States Code, Section 1181f of Title 43 of the United States
Code, or any other federal revenue sharing program that relates to
timber harvesting shall be deposited in the Federal Trust Fund and
allocated by the Controller as follows:
   (a) Payments that are due to counties shall be made within 30
working days after the date on which they were received from the
federal government.
   (b) A county that has informed the Controller that it prefers to
receive its funds by electronic transfer shall have funds transmitted
in that manner.
   (c) The state shall pay interest to eligible counties on these
federal funds at a rate equal to the interest accrued in the Pooled
Money Investment Account over the term that the funds were held by
the state before being paid to eligible counties.
   (d) The Controller shall notify counties regarding anticipated
payments under this section as soon as possible after the state
receives the information from the federal government.