Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2015
Use Fuel Tax Law
CHAPTER 2 THE INTERNATIONAL FUEL TAX AGREEMENT.1
Article 6. Distribution of Proceeds
9432. Distribution of funds. The board shall transmit all moneys received by it under this chapter to the Treasurer to be deposited in the State Treasury. The board in accordance with the Treasurer shall set up a reserve account in the State Treasury to disburse those moneys as needed. After distribution payments to other jurisdictions and refunds authorized by the IFTA, the balance remaining in the reserve account shall be transferred, except as provided in Section 9433, to the Motor Vehicle Fuel Account in the Transportation Tax Fund
History.—Stats. 2005, Ch. 519 (AB 1765), in effect October 4, 2005, but operative January 1, 2006, deleted "Articles of Agreement" after "refunds authorized by the IFTA" in the third sentence.
1Added by Stats. 1995, Ch. 555, in effect January 1, 1996.