This section defines "fund" for the purposes of this part of the law. The term "fund" includes three things: a revenue district, a taxing agency, and annual installments of assessments that are listed on the tax roll.

This law states that any money the State receives from this section has to go into the State’s General Fund unless another law says otherwise.

This law requires the county treasurer and county auditor to keep detailed records of money received that needs to be distributed. When the treasurer settles accounts with the State, they must provide a detailed, verified report to the State Controller, outlining all amounts given to the State, following the format specified by the Controller.