(a) (1) The State Project Infrastructure Fund is hereby established in the State Treasury.
(2) Except as otherwise provided in clause (vi) of subparagraph (C), notwithstanding Section 13340, the fund is continuously appropriated to the department, without regard to fiscal years, for the following purposes:
(A) Subject to authorization as provided in this article, for state projects pursuant to this article.
(B) To cover the costs of any report required by Section 9112 or any report as may be prepared under Section 9125.
(C) (i) For transfer to the Operating Funds of the Assembly and Senate, to be used for the capital outlay projects specified in Article 5.2 (commencing with Section 9112) of Chapter 1.5 of Part 1 of Division 2.
(ii) Upon the direction of the Director of Finance, the Controller shall transfer from the fund to the Operating Funds of the Assembly and Senate an amount up to eighty million dollars ($80,000,000) for preconstruction activities for the capital outlay projects specified in Article 5.2 (commencing with Section 9112) of Chapter 1.5 of Part 1 of Division 2 from the amounts appropriated in Item 7760-311-0001 of Section 2.00 of the Budget Act of 2022.
(iii) Upon amending the agreement entered into pursuant to paragraph (1) of subdivision (b) of Section 9112 to incorporate the project overview and sequence report required under the agreement, the Director of Finance shall direct the Controller transfer, and upon such direction the Controller shall transfer, from the fund to the Operating Funds of the Assembly and Senate an amount that is specified in the budget appropriation schedule specified in Item 7760-311-0001 of Section 2.00 of the Budget Act of 2022.
(iv) Notwithstanding any law, upon the transfer of seven hundred million dollars ($700,000,000) from the State Project Infrastructure Fund to the General Fund pursuant to the Budget Act of 2024, all remaining amounts in the State Project Infrastructure Fund shall be transferred to the Operating Funds of the Assembly and Senate for the capital outlay projects specified in Article 5.2 (commencing with Section 9112) of Chapter 1.5 of Part 1 of Division 2.
(v) Upon the transfer of moneys pursuant to paragraphs (1) and (3) of subdivision (b) of Section 9112.5, the Director of Finance shall direct the Controller to transfer the entirety of those moneys to the Operating Funds of the Assembly and Senate unless the Joint Rules Committee provides the Director of Finance with an amended transfer schedule pursuant to paragraph (4) of subdivision (b) of Section 9112.5. If the Joint Rules Committee provides the Director of Finance with an amended transfer schedule, the Director of Finance shall direct the Controller to transfer money to the Operating Funds of the Assembly and Senate pursuant to the amended transfer schedule. The Controller shall transfer funds as directed by the Director of Finance pursuant to this clause.
(vi) Moneys transferred to the Operating Funds of the Assembly and Senate pursuant to clauses (iii) to (v), inclusive, shall not be used to alter or modify the color, detail, design, structure or fixtures of the historically restored areas of the first, second, and third floors and the exterior of the west wing of the State Capitol unless the Legislature expressly appropriates those moneys for that purpose in accordance with subdivision (b) of Section 28 of Article IV of the California Constitution.
(vii) Moneys transferred to the Operating Funds of the Assembly and Senate pursuant to clause (iii) may be invested or deposited in the manner specified in Section 9113.5.
(D) For transfer to the Architecture Revolving Fund, to be used for the capital outlay projects specified in Article 5.6 (commencing with Section 9125) of Chapter 1.5 of Part 1 of Division 2. The Department of Finance shall provide 20 days’ notice to the Joint Rules Committee prior to any transfer pursuant to this subparagraph.
(b) Notwithstanding any other law, the Controller may use the funds in the State Project Infrastructure Fund for cashflow loans to the General Fund as provided in Sections 16310 and 16381.
(c) The moneys in this fund shall be exempt from statewide general administrative cost recovery pursuant to Article 2 (commencing with Section 11270) of Chapter 3 of Part 1.
(d) Any lease entered into pursuant to this article is subject to the approval of the Department of Finance and any applicable notification required by subdivision (d) of Section 14694.
(Amended by Stats. 2024, Ch. 74, Sec. 5. (SB 174) Effective July 2, 2024.)