Bus. & Prof. Code, § 11412.2 · Chapter 8. Real Estate Appraisers Regulation Fund
Bus. & Prof. Code, § 11412.2
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) In addition to the amount paid into the Recovery Account as set forth in Section 11411, the director may authorize a transfer from the Administration Account to the Recovery Account of any amount deemed necessary.
(b) If the balance remaining in the Recovery Account contains more than four hundred thousand dollars ($400,000), the director may authorize the transfer of all or part of the surplus amount to the Administration Account.
(c) The director may authorize the return to the Recovery Account of all or any amount previously transferred to the Administration Account under this section.
Notes and commentary — not statutory text
History
Added by Stats. 2025, Ch. 786, Sec. 36. (SB 774) Effective January 1, 2026. Repealed as of January 1, 2030, pursuant to Section 11420.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=11412.2.
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- sha256 ef638bc5f11823d33f868ec5453c6695107108cebf00399414a60ff0ab0d1c37
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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Business and Professions Code
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