§ 23072 Fund Transfer Authority

Financial Code·California

AI SummaryVerified

Key Takeaways

•The Department of Financial Protection and Innovation can use leftover money from the Department of Justice.
•This money is for doing the jobs they took over from the Department of Justice.
•This rule started on January 1, 2023.

Example

Imagine the Department of Justice had some money left in their budget for investigating financial crimes.

Now, the Department of Financial Protection and Innovation can use that leftover money to do the same job, like investigating scams or fraud.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 23072 Fund Transfer Authority

The Department of Financial Protection and Innovation may use the unexpended balance of funds available for use in connection with the performance of duties of the Department of Justice to which the Department of Financial Protection and Innovation succeeds pursuant to Section 23071. (Amended by Stats. 2022, Ch. 452, Sec. 147. (SB 1498) Effective January 1, 2023.)

Last verified: January 23, 2026

Key Terms

performance financial protection innovation the department connection

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 23072.

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Key Takeaways

Example

Key Terms

Related Statutes

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