Cal. Code Regs. tit. 2 § 1031.8

Current through Register 2024 Notice Reg. No. 41, October 11, 2024

Section 1031.8 - Two or More Activities

The following policy governs the accounting for districts engaged in two or more activities:

(1) A district performing a recognized utility activity must account for that activity under one of the systems prescribed in Articles 1-9.

(2) Such a district may account for its non-utility activities on an enterprise basis, if desired. However, each activity must be reported to the State Controller according to the basis prescribed by him for that activity.

Cal. Code Regs. Tit. 2, § 1031.8