(a)
Except as provided in subdivision (b), the Department of Finance shall submit to the Legislature, in bill format, on or before January 10, 2013, a proposal that provides a detailed spending plan for the expenditure of moneys in the fund that includes the components specified in subdivision (b).(b)
Subdivision (a) shall not apply if the Legislature passes a bill on or before August 31, 2012, that becomes law specifying a process for the establishment of the long-term spending strategy for moneys in the fund that includes all of the following components:(1)
Criteria and requirements for use of these moneys.(2)
Establishment of program categories eligible for funding.(3)
The specification of a public process that the State Air Resources Board shall use to develop the strategy.(4)
The role of the Legislature in reviewing the strategy.
Source:
Section 16428.85, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16428.85.
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