17000. Every warrant shall be drawn by the Controller upon the fund
out of which it is payable, and such fund shall be designated
thereon.
17002. Before delivering a warrant to the payee, the Controller
shall, upon request, permit the Treasurer to endorse upon or attach
to the warrant an order designating the place where it may be paid.
At the option of the Treasurer, warrants may be made payable at his
office or at some bank at which money of the State is deposited.
17004. Unless otherwise requested, the Controller may mail a
warrant to the last known address of the claimant, and the signature
of the payee on the warrant is a sufficient receipt.
17004.5. Each warrant issued by the Controller payable pursuant to
Sections 21235, 21236, and 21237 from the Investment Dividend
Disbursement Account in the Public Employees' Retirement Fund to a
retiree or beneficiary of the Public Employees' Retirement System
shall be accompanied by a statement in at least 10-point print that
shall advise at a minimum that:
(a) The benefits are paid quarterly and are paid solely from any
moneys then available in the Investment Dividend Disbursement Account
(IDDA). Current law provides that the last payment will be made on
October 1, 1993.
(b) Moneys become available in the Investment Dividend
Disbursement Account (IDDA) only when the investment earnings exceed
the earnings forecasted by the actuaries and adopted by the Board of
Administration of the Public Employees' Retirement System.
(c) The increases are subject to some variation, are not
cumulative, and will not be included in your base allowance
entitlement, are not subject to any cost-of-living adjustments, and
may be discontinued or reduced if sufficient funds are not available.
17004.6. Each warrant issued by the Controller payable pursuant to
Section 24701 or 24702 of the Education Code to a retirant or
beneficiary of the State Teachers' Retirement System, shall be
accompanied by a statement in at least 10-point print that shall
advise at a minimum that:
(a) The warrant associated with this stub provides a quarterly
payment from funds made available during the current fiscal year to
help offset the effects of inflation on your normal monthly allowance
from the State Teachers' Retirement System (STRS).
(b) These payments are not cumulative, are not part of the base
retirement allowance, and are made only when funds are available for
this purpose.
(c) In order for payments to be made pursuant to Section 24701 of
the Education Code, funds must be appropriated each fiscal year as
part of the Budget Act of the State of California.
(d) Funding for the supplemental payments made pursuant to Section
24702 of the Education Code comes from the net revenues received
from the use of school lands and lieu lands in the State of
California. The amount of the supplemental payment to each eligible
individual is calculated in September. The payments are made on
October 1, January 1, April 1, and July 1, for the current fiscal
year.
17005. The Controller shall keep a register of warrants showing the
fund upon which each is drawn, its number, in whose favor, and the
appropriation applicable to its payment. He shall preserve all
warrants delivered to him by the Treasurer.
17006. The Controller shall, on each business day, furnish the
Treasurer with a report of the total number and amount of warrants
drawn by him upon each fund in the State Treasury since the date of
his last report.
17007. The Controller may, from time to time, provide that funds
shall be designated by name, code number, letter, or combination of
number and letter, on warrants issued by him, and in reports,
statements, lists or tabulations furnished by him to the Treasurer,
or by the Treasurer to him.
17000. Every warrant shall be drawn by the Controller upon the fund
out of which it is payable, and such fund shall be designated
thereon.
17002. Before delivering a warrant to the payee, the Controller
shall, upon request, permit the Treasurer to endorse upon or attach
to the warrant an order designating the place where it may be paid.
At the option of the Treasurer, warrants may be made payable at his
office or at some bank at which money of the State is deposited.
17004. Unless otherwise requested, the Controller may mail a
warrant to the last known address of the claimant, and the signature
of the payee on the warrant is a sufficient receipt.
17004.5. Each warrant issued by the Controller payable pursuant to
Sections 21235, 21236, and 21237 from the Investment Dividend
Disbursement Account in the Public Employees' Retirement Fund to a
retiree or beneficiary of the Public Employees' Retirement System
shall be accompanied by a statement in at least 10-point print that
shall advise at a minimum that:
(a) The benefits are paid quarterly and are paid solely from any
moneys then available in the Investment Dividend Disbursement Account
(IDDA). Current law provides that the last payment will be made on
October 1, 1993.
(b) Moneys become available in the Investment Dividend
Disbursement Account (IDDA) only when the investment earnings exceed
the earnings forecasted by the actuaries and adopted by the Board of
Administration of the Public Employees' Retirement System.
(c) The increases are subject to some variation, are not
cumulative, and will not be included in your base allowance
entitlement, are not subject to any cost-of-living adjustments, and
may be discontinued or reduced if sufficient funds are not available.
17004.6. Each warrant issued by the Controller payable pursuant to
Section 24701 or 24702 of the Education Code to a retirant or
beneficiary of the State Teachers' Retirement System, shall be
accompanied by a statement in at least 10-point print that shall
advise at a minimum that:
(a) The warrant associated with this stub provides a quarterly
payment from funds made available during the current fiscal year to
help offset the effects of inflation on your normal monthly allowance
from the State Teachers' Retirement System (STRS).
(b) These payments are not cumulative, are not part of the base
retirement allowance, and are made only when funds are available for
this purpose.
(c) In order for payments to be made pursuant to Section 24701 of
the Education Code, funds must be appropriated each fiscal year as
part of the Budget Act of the State of California.
(d) Funding for the supplemental payments made pursuant to Section
24702 of the Education Code comes from the net revenues received
from the use of school lands and lieu lands in the State of
California. The amount of the supplemental payment to each eligible
individual is calculated in September. The payments are made on
October 1, January 1, April 1, and July 1, for the current fiscal
year.
17005. The Controller shall keep a register of warrants showing the
fund upon which each is drawn, its number, in whose favor, and the
appropriation applicable to its payment. He shall preserve all
warrants delivered to him by the Treasurer.
17006. The Controller shall, on each business day, furnish the
Treasurer with a report of the total number and amount of warrants
drawn by him upon each fund in the State Treasury since the date of
his last report.
17007. The Controller may, from time to time, provide that funds
shall be designated by name, code number, letter, or combination of
number and letter, on warrants issued by him, and in reports,
statements, lists or tabulations furnished by him to the Treasurer,
or by the Treasurer to him.
17000. Every warrant shall be drawn by the Controller upon the fund
out of which it is payable, and such fund shall be designated
thereon.
17002. Before delivering a warrant to the payee, the Controller
shall, upon request, permit the Treasurer to endorse upon or attach
to the warrant an order designating the place where it may be paid.
At the option of the Treasurer, warrants may be made payable at his
office or at some bank at which money of the State is deposited.
17004. Unless otherwise requested, the Controller may mail a
warrant to the last known address of the claimant, and the signature
of the payee on the warrant is a sufficient receipt.
17004.5. Each warrant issued by the Controller payable pursuant to
Sections 21235, 21236, and 21237 from the Investment Dividend
Disbursement Account in the Public Employees' Retirement Fund to a
retiree or beneficiary of the Public Employees' Retirement System
shall be accompanied by a statement in at least 10-point print that
shall advise at a minimum that:
(a) The benefits are paid quarterly and are paid solely from any
moneys then available in the Investment Dividend Disbursement Account
(IDDA). Current law provides that the last payment will be made on
October 1, 1993.
(b) Moneys become available in the Investment Dividend
Disbursement Account (IDDA) only when the investment earnings exceed
the earnings forecasted by the actuaries and adopted by the Board of
Administration of the Public Employees' Retirement System.
(c) The increases are subject to some variation, are not
cumulative, and will not be included in your base allowance
entitlement, are not subject to any cost-of-living adjustments, and
may be discontinued or reduced if sufficient funds are not available.
17004.6. Each warrant issued by the Controller payable pursuant to
Section 24701 or 24702 of the Education Code to a retirant or
beneficiary of the State Teachers' Retirement System, shall be
accompanied by a statement in at least 10-point print that shall
advise at a minimum that:
(a) The warrant associated with this stub provides a quarterly
payment from funds made available during the current fiscal year to
help offset the effects of inflation on your normal monthly allowance
from the State Teachers' Retirement System (STRS).
(b) These payments are not cumulative, are not part of the base
retirement allowance, and are made only when funds are available for
this purpose.
(c) In order for payments to be made pursuant to Section 24701 of
the Education Code, funds must be appropriated each fiscal year as
part of the Budget Act of the State of California.
(d) Funding for the supplemental payments made pursuant to Section
24702 of the Education Code comes from the net revenues received
from the use of school lands and lieu lands in the State of
California. The amount of the supplemental payment to each eligible
individual is calculated in September. The payments are made on
October 1, January 1, April 1, and July 1, for the current fiscal
year.
17005. The Controller shall keep a register of warrants showing the
fund upon which each is drawn, its number, in whose favor, and the
appropriation applicable to its payment. He shall preserve all
warrants delivered to him by the Treasurer.
17006. The Controller shall, on each business day, furnish the
Treasurer with a report of the total number and amount of warrants
drawn by him upon each fund in the State Treasury since the date of
his last report.
17007. The Controller may, from time to time, provide that funds
shall be designated by name, code number, letter, or combination of
number and letter, on warrants issued by him, and in reports,
statements, lists or tabulations furnished by him to the Treasurer,
or by the Treasurer to him.
