Sec. III-1. Transfer from Other Special Revenue Funds to unappropriated surplus of General Fund. Notwithstanding any other provision of law, the State Controller shall transfer $42,500,000 in fiscal year 2005-06 from Other Special Revenue Funds to the unappropriated surplus of the General Fund no later than June 30, 2006. On July 1, 2006, the State Controller shall transfer $42,500,000 from the General Fund unappropriated surplus along with interest to Other Special Revenue Funds as repayment. This transfer is considered an inter-fund advance to be repaid with interest compounded annually at the earnings rate within the Treasurer of State's cash pool on the date of the advance.
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