SECTIONS 4001-4005 - California Statutes

FOOD AND AGRICULTURAL CODE

SECTION 4001-4005

4001. Any money which is received by any association, other than
from the sale of real property or pursuant to a lease, easement, or
agreement for the extraction of oil or gas from lands owned or
controlled by it, shall be retained and used by the association for
its:
(a) General use and purposes.
(b) Maintenance.
(c) Membership in livestock registry associations and fair
associations.
(d) Support and operation.
(e) Acquisition, installation, maintenance, and operation of
recreational and cultural facilities at its fairgrounds.

4002. The proceeds of the sale of any interest in real property
which is owned by any association shall be paid into the Fair and
Exposition Fund. The amount which is paid into the fund shall be
available for expenditure by the association, with the approval of
the department and the State Public Works Board, for any of the
following purposes:
(a) Permanent improvements for fair purposes on the property of
the association.
(b) Purchase of equipment for fair purposes.
(c) Acquisition or purchase of real property, including costs of
appraisal or other incidental costs, to be used as sites for the
permanent improvements.
The execution of any lease, easement, or agreement for the
extraction of any oil or gas from lands owned or controlled by an
association is not a sale of an interest in real property within the
meaning of this section.

4003. Any money which is not expended within three years after
being paid into the Fair and Exposition Fund pursuant to Section 4002
shall be added to and become a part of the amount available pursuant
to Section 19630 of the Business and Professions Code for permanent
improvements upon the property of the state, citrus, county, or
district agricultural associations for fair purposes, or the purchase
of equipment for fair purposes, or the acquisition or purchase of
real property, including costs of appraisal or other incidental
costs, to be used as sites for such permanent improvements, in such
amounts as may be allocated by executive order of the Director of
Agriculture.

4004. All revenue which is received by any association pursuant to
any lease, easement, or agreement for the extraction of oil or gas
from any land that is owned or controlled by it shall be paid into
the General Fund.

4005. The fiscal year for each association is from January 1 to
December 31.