Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 15.5.: DIVISION 15.5. STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION/Ch. 3.: CHAPTER 3. Corporate Finances/Art. 1.: ARTICLE 1. Corporate Accounts/§ 32404.
California Statutes

§ 32404. — 32404. (Added by Stats. 1980, Ch. 819, Sec. 1.)

California § 32404.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 15.5.DIVISION 15.5. STATE ASSISTANCE FUND FOR ENTERPRISE, BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION
Ch. 3.CHAPTER 3. Corporate Finances
Art. 1.ARTICLE 1. Corporate Accounts

This text of California § 32404. (32404. (Added by Stats. 1980, Ch. 819, Sec. 1.)) 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.

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Cal. Financial Code - FIN Code § 32404. (2026).

Text

Beginning with the fiscal year which begins July 1, 1982, and each fiscal year thereafter, the board shall not adopt any budget for the corporation in which the projected total operating expenditures exceed the expected balance of the general operating account.

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Legislative History

Added by Stats. 1980, Ch. 819, Sec. 1.
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California § 32404., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/32404..