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HomeFood and Agricultural CodeDiv. 3Pt. 1Ch. 3§ 3211 Fair And Exposition Fund Loans

§ 3211 Fair And Exposition Fund Loans

Food and Agricultural Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 3211 Fair And Exposition Fund Loans

Key Takeaways

  • •The state keeps track of money for fairs and events in a special fund.
  • •If the fair fund runs low on cash, it can borrow money from the state’s main fund, but only if it can pay it back by the end of the year.
  • •The fair fund can’t borrow more than 75% of the money it expects to get for the rest of the year.
  • •When the fair fund doesn’t need the borrowed money anymore, it must give it back to the state’s main fund.

Example

Imagine the fair fund needs extra money to pay for rides and games before ticket sales come in.

The fair fund can borrow money from the state’s main fund, but only if it promises to pay it back by the end of the year and doesn’t borrow more than 75% of the money it expects to make from tickets and food sales.

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

Official Source
View on CA.gov

§ 3211 Fair And Exposition Fund Loans

(a) (1) The secretary shall prepare and submit to the Department of Finance an estimate of revenue to be deposited into the fund and allocations to be made from the fund for each fiscal year. (2) The Director of Finance may authorize short-term cashflow loans from the unappropriated surplus of the General Fund to the Fair and Exposition Fund if both of the following conditions are met: (A) The loan will be repaid during the same fiscal year in which it is made. (B) No loan exceeds the amount remaining to be allocated in any fiscal year or 75 percent of the revenue estimated to be deposited into the Fair and Exposition Fund during the remainder of the fiscal year. (b) The secretary shall notify the Controller when loans under this section are no longer required and any unnecessary loan funds shall be returned to the General Fund. (Added by Stats. 2024, Ch. 559, Sec. 48. (AB 2143) Effective January 1, 2025.)

Last verified: January 23, 2026

Key Terms

Fair and Exposition FundGeneral Fundshort-term cashflow loanssecretaryDirector of Finance

Related Statutes

  • § 10401 Brucellosis Control Slaughter Rule
  • § 16522.5 Dairy Exemption Number Rules
  • § 3200 Fair And Exposition Fund
  • § 3201 Fair And Exposition Fund Oversight
  • § 3202 Fair Funding And Oversight

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Food and Agricultural Code. Section 3211.
View Official Source