(a) The Director of Finance shall deposit all proceeds of any sale of, or any funds achieved through any other disposition of, the State Compensation Insurance Fundâs workersâ compensation insurance assets and liabilities under this article, less any costs related to that transaction, into the General Fund. (b) The proceeds of any sale of, or any funds achieved through any other disposition of, the State Compensation Insurance Fundâs workersâ compensation insurance assets and liabilities are not âproceeds of taxesâ as that term is used in subdivision (c) of Section 8 of Article XIII B of the California Constitution. The disbursement of these proceeds is not subject to the limitations imposed by that article.
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