There is hereby created in the State Treasury the Used Oil Collection Demonstration Grant Fund. Notwithstanding Section 13340 of the Government Code, the money in the Used Oil Collection Demonstration Grant Fund is continuously appropriated to the board for the purposes of this chapter.
Used Oil Collection Demonstration ProgramFinancing
Section § 3491
This law establishes a special fund called the Used Oil Collection Demonstration Grant Fund in the State Treasury. The money in this fund is set aside specifically for the board to use for activities related to this chapter on a continuous basis, meaning it doesn't need to go through the usual budget approval process each time.
Used Oil Collection Demonstration Grant Fund State Treasury
Section § 3492
This law states that the state of California is transferring one million dollars from federal oil overcharge funds to the Used Oil Collection Demonstration Grant Fund. This Fund is intended to support projects that demonstrate how to effectively collect used oil for recycling or disposal.
However, any organization or applicant seeking a grant from this fund must secure at least 50% of their project costs from other sources, such as public or private funding, before they can receive the grant money allocated by the state.
(a)CA Public Resources Code § 3492(a) Notwithstanding Sections 13340 and 16361 of the Government Code, and to the extent permitted by federal law, the sum of one million dollars ($1,000,000) of money in the Federal Trust Fund, created pursuant to Section 16360 of the Government Code, received by the state from federal oil overcharge funds in the Petroleum Violation Escrow Account, is hereby transferred to the Used Oil Collection Demonstration Grant Fund.
(b)CA Public Resources Code § 3492(b) No grant shall be made by the board from funds appropriated pursuant to subdivision (a) unless an amount equal to 50 percent of the costs of the project is made available to the applicant from other public or private sources for the project.
federal oil overcharge funds Used Oil Collection Demonstration Grant Fund oil recycling
Section § 3494
This law details that funds from the Petroleum Violation Escrow Account can only be transferred by the Controller. However, before any transfer happens, the Director of Finance must approve it. This ensures the transferred funds are coming from the correct court judgment or federal agency order.
Funds transferred from the Petroleum Violation Escrow Account by this article shall be transferred by the Controller, subject to approval by the Director of Finance as to which court judgment or federal agency order is the proper source of those funds.
Petroleum Violation Escrow Account fund transfer Controller
