California Statutes
§ 120108. — 120108. (Added by Stats. 1986, Ch. 864, Sec. 2.)
California § 120108.
JurisdictionCalifornia
Code PUCPublic Utilities Code - PUC
Div. 11.DIVISION 11. TRANSIT DEVELOPMENT BOARDS
Ch. 3.CHAPTER 3. Administration
This text of California § 120108. (120108. (Added by Stats. 1986, Ch. 864, Sec. 2.)) 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 Utilities Code - PUC Code § 120108. (2026).
Text
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.
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Legislative History
Added by Stats. 1986, Ch. 864, Sec. 2.
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Bluebook (online)
California § 120108., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/120108..