(a)
There is hereby created the Local Revenue Fund, which shall consist of the following accounts:
(1)
The Sales Tax Account.
(2)
The Vehicle License Fee Account.
(3)
The Vehicle License Collection Account.
(4)
The Sales Tax Growth Account.
(5)
The Vehicle License Fee Growth Account.
(b)
The Sales Tax Account shall have all of the following subaccounts:
(1)
The Mental Health Subaccount.
(2)
The Social Services Subaccount.
(3)
The Health Subaccount.
(4)
The CalWORKs Maintenance of Effort Subaccount.
(5)
The Family Support Subaccount.
(6)
The Child Poverty and Family Supplemental Support Subaccount.
(7)
The County Medical Services Program Subaccount.
(c)
The Vehicle License Fee Account shall have all of the following subaccounts:
(1)
The Mental Health Subaccount.
(2)
The Social Services Subaccount.
(3)
The Health Subaccount.
(4)
The CalWORKs Maintenance of Effort Subaccount.
(5)
The Family Support Subaccount.
(6)
The Child Poverty and Family Supplemental Support Subaccount.
(7)
The County Medical Services Program Subaccount.
(d)
The Sales Tax Growth Account shall have all of the following subaccounts:
(1)
The Caseload Subaccount.
(2)
The County Medical Services Program Growth Subaccount.
(3)
The General Growth Subaccount.
(e)
The Vehicle License Fee Growth Account shall have all of the following subaccounts:
(1)
The County Medical Services Program Growth Subaccount.
(2)
The General Growth Subaccount.
(f)
Notwithstanding Section 13340 of the Government Code, the Local Revenue Fund is hereby continuously appropriated, without regard to fiscal years, for the purpose of this chapter.
(g)
Moneys in the Local Revenue Fund shall be invested in the Surplus Money Investment Fund and all interest earned shall be distributed in January and July among the accounts and subaccounts in proportion to the amounts deposited into
each subaccount.
(h)
This section shall be operative on August 1, 2015.