8610.
(a) There is in the State Treasury the Land Bank Fund, which fund is hereby created. All moneys in the fund are appropriated to the commission for expenditure, without regard to fiscal years, for the purposes of Section 8625. When performing the powers and duties set forth in this division, the commission shall be known as the Land Bank Trustee.(b) (1) The Martins Beach Subaccount is hereby created in the fund. Moneys received from public or private sources, including nonprofit sources, to be used for the creation of a public access route to and along the shoreline, including the sandy beach, at Martins Beach at the South Cabrillo Highway pursuant to Section 6213.5 shall be deposited into the subaccount Martins Beach Subaccount and be continuously appropriated to and expended by the commission to acquire that right-of-way or easement, either in accordance with the procedures set forth in Title 7 (commencing with Section 1230.010) of Part 3 of the Code of Civil Procedure, or through a negotiated agreement, and for costs associated with that acquisition, including, but not limited to, environmental studies, analyses, and assessments, and associated improvements and maintenance costs, in accordance with the following priority:
(A) Moneys received from public or private sources, including nonprofit sources, that are deposited into the subaccount Martins Beach Subaccount shall first be expended by the commission for the creation of that public access route, and any associated improvements and maintenance costs.
(B) The commission may also transfer moneys from the fund to the subaccount, Martins Beach Subaccount, not to exceed a maximum of one million dollars ($1,000,000), and expend those moneys for the creation of that public access route and associated improvements and maintenance costs, after moneys received pursuant to subparagraph (A) have been used.
(2) The commission may deposit into the subaccount Martins Beach Subaccount and expend moneys received from the County of San Mateo pursuant to an appropriation by the county for the purposes of this subdivision.
(3) The commission may, pursuant to Section 6213.5, acquire the right-of-way or easement necessary for the creation of the public access route, as prescribed in paragraph (1). Nothing in this paragraph prevents the commission from acquiring the right-of-way or easement through a negotiated agreement.
(4) General Fund contributions to the subaccount Martins Beach Subaccount shall be segregated and separately accounted for.
(c) (1) The Hollister Ranch Subaccount is hereby created in the fund. Moneys received by the commission from public or private sources, including nonprofit sources, for purposes of acquiring property necessary to implement the 1982 adopted coastal access program, or as amended, for Hollister Ranch shall be deposited into the Hollister Ranch Subaccount and, upon appropriation by the Legislature, expended by the commission for that purpose, either in accordance with the procedures set forth in Title 7 (commencing with Section 1230.010) of Part 3 of the Code of Civil Procedure or through a negotiated agreement, and for costs associated with that acquisition, including, but not limited to, environmental studies, analyses and assessments, and associated improvements and maintenance costs.
(2) The commission may transfer moneys from the fund to the Hollister Ranch Subaccount in an amount not to exceed one million dollars ($1,000,000), and, upon appropriation, may expend those moneys for the creation of public access and associated improvements and maintenance costs pursuant to the 1982 adopted coastal access plan, or as amended, for Hollister Ranch.
(3) The commission, pursuant to Section 6210.9, may acquire the property necessary for the creation of the public access route, as described in the 1982 adopted coastal access program, or as amended, for Hollister Ranch. This paragraph does not prevent the commission from acquiring property through negotiated agreements.
(4) General fund contributions to the Hollister Ranch Subaccount shall be segregated and separately accounted for.