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California Fair Elections Act Of 2008; Article 10. Appropriations for the Fair Elections Fund   

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(a) A special, dedicated, nonlapsing Fair Elections Fund is created in the State Treasury. Commencing January 1, 2011, the funds collected pursuant to Section 20600 of the Elections Code shall, when appropriated by the Legislature, be available from the Fair Elections Fund to the commission for expenditure for the purpose of providing public financing for the election campaigns of certified participating candidates during primary and general campaign periods.

(b) Funding for the administrative and enforcement costs of the commission related to this act shall be from the Fair Elections Fund and shall be, for each four-year election cycle, no more than 10 percent of the total amount deposited in the Fair Elections Fund during the four-year election cycle.

(Added by Stats. 2008, Ch. 735, Sec. 4.)