10 CCR s 5357.1

Cal. Admin. Code tit. 10, s 5357.1

CALIFORNIA CODE OF REGULATIONS
TITLE 10. INVESTMENT
CHAPTER 7.65. TOURISM MARKETING ACT
SUBCHAPTER 4. PASSENGER CAR RENTAL INDUSTRY ASSESSMENT
This database is current through 01/05/07, Register 2007, No. 1.
s 5357.1. Determination of Annual Assessment Rate for Passenger Car
Rental Industry Assessment.

(a) The assessment for each business of the Passenger Car Rental Industry
Segment shall be the Assessment Rate multiplied by such business' Revenue.

(b) The rate shall be adjusted annually by the Office and such adjustment
shall not be subject to annual referendum.

(1) By March 31st of each year, each member of the Passenger Car
Rental Industry Segment shall submit to the Office the Revenue data
for the previous calendar year.

(2) The Office shall annually determine the percentage of Revenue
to be collected from the Passenger Car Rental Industry Segment for
the following fiscal year, based on the Revenue data received by the
Industry as required in Section (b)(1). If the Office does not
receive a complete report of Revenue for a given fiscal year, the
Office may estimate the additional Revenue based on prior year's
information, extrapolation from reported revenue or any other
reasonable method.

(3) The assessment rate will be calculated by dividing the revenue
required to be funded by statute for the upcoming fiscal year, by
the Revenue reported in the previous calendar year.

(4) The Office shall notify the passenger car rental industry of
the applicable assessment rate for the next fiscal year by May 1st
of that year.

(5) At the end of each fiscal year, if the amount paid by the
Passenger Car Rental Industry Segment provides an excess or deficit
in funding, that excess or deficit shall be taken into account in
setting the subsequent year's rate as provided for in subsection
(b)(3).

Note: Authority cited: Section 13995.69, Government Code.
Reference: Section 13995.92, Government Code.

HISTORY

1. New section filed 12-29-2006 as an emergency; operative 1-1-2007
(Register
2006, No. 52). A Certificate of Compliance must be transmitted to OAL by
5-
1-2007 or emergency language will be repealed by operation of law on the
following day.

10 CCR s 5357.1, 10 CA ADC s 5357.1
1CAC

10 CA ADC s 5357.1

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