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HomeGovernment CodeDiv. 3Pt. 3Ch. 2Art. 1§ 13081 State Agency Investment Payments

§ 13081 State Agency Investment Payments

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 13081 State Agency Investment Payments

Key Takeaways

  • •The state sets aside money every year to pay back loans between the DMV, Highway Patrol, and other state agencies.
  • •This money comes from the Motor Vehicle Fund and includes interest agreed upon by the parties.
  • •The Director of Finance decides how much money each department gets.
  • •The money is only available if the Budget Act doesn’t already cover these payments for that year.

Example

The DMV borrows money from another state agency to buy new computers.

The state will pay back this loan monthly, with interest, using money from the Motor Vehicle Fund. The Director of Finance will decide how much the DMV gets each month to pay it back.

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

Official Source
View on CA.gov

§ 13081 State Agency Investment Payments

Such amount as may be necessary to pay monthly the amount required for liquidation of the investment, with interest at the rate agreed upon between the parties, in any agreements entered into between the State Department of Motor Vehicles or the State Department of California Highway Patrol, and any other state agency, pursuant to the provisions of Sections 14679 and 14682 of the Government Code, is hereby appropriated each fiscal year from the Motor Vehicle Fund in the State Treasury. The money herein appropriated shall be allotted to the State Department of California Highway Patrol or to the State Department of Motor Vehicles by the Director of Finance for support in such amounts as he may determine to be necessary, and shall become available only if the Department of Finance certifies to the State Controller that the amount required monthly to liquidate the investment, with interest at the rate agreed upon, has not been included in the Budget Act for such fiscal year for support of said departments. (Added by Stats. 1965, Ch. 371.)

Last verified: January 22, 2026

Key Terms

liquidation of the investmentMotor Vehicle FundState Department of Motor VehiclesState Department of California Highway PatrolBudget Act

Related Statutes

  • § 13080 Highway Patrol Building Funding
  • § 13075 Finance Control Over Regulations
  • § 11150 Governor'S Executive Administration
  • § 11151 Department Office And Seal
  • § 11152 Department Work Organization Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 13081.
View Official Source