(a) Any money that is collected by the secretary pursuant to this chapter shall be deposited in a bank or other depository that is approved by the secretary. Funds that are so collected are exempt from Sections 11270 and 11272 of the Government Code and shall be deposited and disbursed only to pay for milk produced and delivered within this state, that has not been otherwise paid for, including attorney’s fees and other costs incurred in litigation involving the fund, expenses generated by the auditing requirement imposed by Section 62570, expenses generated by the use of alternative financial instruments pursuant to Section 62560, and the costs set forth in Section 62573. The expenditure of those funds is exempt from Section 925.6 of the Government Code.
(b) Nothing in this section prevents the secretary from using the increment received from investment, reinvestment, or deposit of money specified in Section 62573, in the manner provided by Section 62574.
(Amended by Stats. 2019, Ch. 304, Sec. 27. (AB 590) Effective January 1, 2020.)