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HomeGovernment CodeDiv. 4Pt. 2Ch. 2Art. 1.5§ 16363 Federal Trust Fund Credits

§ 16363 Federal Trust Fund Credits

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

§ 16363 Federal Trust Fund Credits

Key Takeaways

  • •If the state gets money from the U.S. government but doesn't have a special fund for it, the money goes into the Federal Trust Fund.
  • •The state agency that got the money can ask for it back later to use it for what it was meant for.
  • •The money is kept safe in the Federal Trust Fund until the agency needs it.

Example

The state gets money from the U.S. government to help build new schools.

If there's no special fund for school money, it goes into the Federal Trust Fund. Later, the state can ask for this money to actually build the schools.

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

Official Source
View on CA.gov

§ 16363 Federal Trust Fund Credits

Whenever any agency receives money from the United States for expenditure by the state and no specific State Treasury fund has been created to which this money is to be credited, the money shall be credited to the Federal Trust Fund and shall be held subject to the right of the state agency to recover it, on claims properly presented, for fulfilling the purposes for which the money was collected or received. (Added by Stats. 1978, Ch. 1284.)

Last verified: January 22, 2026

Key Terms

Federal Trust Fundstate agencyState Treasury fund

Related Statutes

  • § 16362 Federal Funds Transfer Rules
  • § 16360 Federal Trust Fund Deposits
  • § 16361 Federal Trust Fund Use
  • § 16364 Federal Trust Fund Accounting
  • § 16365 Federal Fund Reimbursement Plan

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 16363.
View Official Source