Cal. Pub. Util. Code § 16603

Current through the 2023 Legislative Session.

Section 16603 - Appropriation of excess reserve fund to general fund

Whenever a reserve fund exceeds one-half of the payment for operating expenses in the preceding fiscal year, the board may appropriate such excess to the general fund.

Ca. Pub. Util. Code § 16603

Added by Stats. 1953, Ch. 72.