California Statutes
§ 120108. — 120108. (Added by Stats. 1986, Ch. 864, Sec. 2.)
California·Code PUC Public Utilities Code - PUC·Div. 11. DIVISION 11. TRANSIT DEVELOPMENT BOARDS·Ch. 3. CHAPTER 3. Administration
The board shall maintain accounting records and shall report accounting transactions in accordance with generally accepted accounting principles as adopted by the Government Accounting Standards Board (GASB) of the Financial Accounting Foundation for both public reporting purposes and for reporting of activities to the Controller. The activities of any nonprofit corporation or other legal entity wholly owned or controlled by the board and operating a public transit system shall be reported separately in the board’s annual report to the Controller.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 120108. (120108. (Added by Stats. 1986, Ch. 864, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1986, Ch. 864, Sec. 2.