Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2012

Motor Vehicle Fuel Tax Law


Article 5. Sale of State-Acquired Property

Section 7934

7934. Distribution of proceeds. The Controller shall distribute the proceeds of the sale in the following order:

(a) The payment of all expenses of the sale.

(b) The payment of all amounts due from the supplier under this part.

(c) The remainder to the General Fund of the state.

History.—Stats. 1943, p. 2703, operative July 1, 1943, revised (b). Stats. 2000, Ch. 1053 (AB 2114), operative January 1, 2002, substitute "supplier" for "distributor" after "amounts due from the" in subdivision (b) and substituted "State" for "state" after "General Fund of the" in subdivision (c).