California § 42124. 42124. (Enacted by Stats. 1976, Ch. 1010.)

California Statutes

§ 42124. — 42124. (Enacted by Stats. 1976, Ch. 1010.)

California § 42124.

JurisdictionCalifornia

Code EDCEducation Code - EDC

Div.3.

Title 2.DIVISION 3. LOCAL ADMINISTRATION

Part 24.PART 24. SCHOOL FINANCE

Ch. 6.CHAPTER 6. Financial Statements of School Districts

Art. 2.ARTICLE 2. Budget Requirements

This text of California § 42124. (42124. (Enacted by Stats. 1976, Ch. 1010.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Education Code - EDC Code § 42124. (2026).

Text

The budget may also contain an amount to be known as the general reserve in such sum as the governing board may deem sufficient, for the next succeeding fiscal year, to meet the cash requirements to which the district’s credit may be legally extended for that portion of said next succeeding fiscal year until adequate proceeds of the taxes levied for, or apportionment of state funds made to, the district during such succeeding fiscal year are available to the district.

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The budget may also contain an amount to be known as the general reserve in such sum as the governing board may deem sufficient, for the next succeeding fiscal year, to meet the cash requirements to which the district’s credit may be legally extended for that portion of said next succeeding fiscal year until adequate proceeds of the taxes levied for, or apportionment of state funds made to, the district during such succeeding fiscal year are available to the district.

Legislative History

Enacted by Stats. 1976, Ch. 1010.

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California § 42124., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/EDC/42124..