2012 California Codes
VEH - Vehicle Code
DIVISION 18 - PENALTIES AND DISPOSITION OF FEES, FINES, AND FORFEITURES [42000 - 42277]
CHAPTER 3 - Motor Vehicle Account
Section 42272
For the 2012–13 fiscal year, upon order of the Director of Finance, the Controller shall transfer four hundred thirty-two million two hundred thousand dollars ($432,200,000) from the Motor Vehicle Account to the General Fund as a loan, provided that the loan shall be repaid. The Director of Finance shall order the repayment by the Controller of that four hundred thirty-two million two hundred thousand dollars ($432,200,000) to the Motor Vehicle Account no later than June 30, 2016.
(Added by Stats. 2012, Ch. 22, Sec. 8. Effective June 27, 2012.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.