§ 62306
40 words·~1 min read·
/ca/government-code/62306A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A minimum of 95 percent of the allocated tax increment revenues pursuant to subdivision
(b)of Section 62304 shall be used to fund eligible projects.
(b)Not more than 5 percent of allocated revenues may be used for administration.