Unallocated funds remaining in the subaccount on March 8, 2000, and any funds deposited into the subaccount after that date, shall be transferred to, and all money repaid to the state pursuant to any loan contract executed under this article shall be deposited in, the Seawater Intrusion Control Subaccount in the Clean Water and Water Recycling Account in the Safe Drinking Water, Clean Water, Watershed Protection, and Flood Protection Bond Fund for the purposes set forth in Article 6 (commencing with Section 79149) of Chapter 7 of Division 26.
(Amended by Stats. 2000, Ch. 1078, Sec. 1.5. Effective January 1, 2001. Note: This section was repealed and added by Stats. 1999, Ch. 725, and approved in Prop. 13 on March 7, 2000.)