California § 5788.9. 5788.9. (Repealed and added by Stats. 2001, Ch. 15, Sec. 4.)

California Statutes

§ 5788.9. — 5788.9. (Repealed and added by Stats. 2001, Ch. 15, Sec. 4.)

California § 5788.9.

JurisdictionCalifornia

Code PRCPublic Resources Code - PRC

Div. 5.DIVISION 5. PARKS AND MONUMENTS

Ch. 4.CHAPTER 4. Recreation and Park Districts

Art. 9.ARTICLE 9. Finance

This text of California § 5788.9. (5788.9. (Repealed and added by Stats. 2001, Ch. 15, Sec. 4.)) 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. Public Resources Code - PRC Code § 5788.9. (2026).

Text

(a)In its annual budget, the board of directors may establish a restricted reserve for capital outlay and a restricted reserve for contingencies. When the board of directors establishes a restricted reserve, it shall declare the exclusive purposes for which the funds in the reserve may be spent. The funds in the restricted reserve shall be spent only for the exclusive purposes for which the board of directors established the restricted reserve. The reserves shall be maintained according to generally accepted accounting principles.

(b)Any time after the establishment of a restricted reserve, the board of directors may transfer any funds to that restricted reserve.

(c)If the board of directors finds that the funds in a restricted reserve are no longer required for the purpose for which

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(a)
In its annual budget, the board of directors may establish a restricted reserve for capital outlay and a restricted reserve for contingencies. When the board of directors establishes a restricted reserve, it shall declare the exclusive purposes for which the funds in the reserve may be spent. The funds in the restricted reserve shall be spent only for the exclusive purposes for which the board of directors established the restricted reserve. The reserves shall be maintained according to generally accepted accounting principles.
(b)
Any time after the establishment of a restricted reserve, the board of directors may transfer any funds to that restricted reserve.
(c)
If the board of directors finds that the funds in a restricted reserve are no longer required for the purpose for which the restricted reserve was established, the board of directors may, by a four-fifths vote of the total membership of the board of directors, discontinue the restricted reserve or transfer any funds that are no longer required from the restricted reserve to the district’s general fund.