(a) As a means to carry out the California Film Commission’s purposes of encouraging and promoting media production in California and maintaining and improving the position of the state’s motion picture industry in the national and world markets, there is hereby created in the State Treasury, the Film Promotion and Marketing Fund.
(b) The Treasurer shall invest moneys contained in the Film Promotion and Marketing Fund not needed to meet current obligations in the same manner as other public funds are invested. Interest that accrues from the investments shall be credited to the fund.
(c) Proceeds that accrue to the state from the sales of location library documents, photocopying, and other film-related informational documents, sponsorships, and donations shall be deposited in the fund.
(d) The commission may receive and accept for deposit in the Film Promotion and Marketing Fund moneys from any and all public or private sources that support the purposes within this chapter.
(e) Moneys in the Film Promotion and Marketing Fund shall be available for expenditure by the commission, upon appropriation by the Legislature, for activities performed consistent with the Cooperative Motion Picture Marketing Plan pursuant to Section 14998.12.
(Amended by Stats. 2018, Ch. 302, Sec. 14. (AB 3256) Effective January 1, 2019.)