California Statutes
§ 16603. — 16603. (Added by Stats. 1953, Ch. 72.)
California·Code PUC Public Utilities Code - PUC·Div. 7. DIVISION 7. PUBLIC UTILITY DISTRICT ACT·Ch. 4. CHAPTER 4. Powers and Functions of Districts·Art. 7. ARTICLE 7. Receipts, Accounts, and Audits
Whenever a reserve fund exceeds one-half of the payment for operating expenses in the preceding fiscal year, the board may appropriate such excess to the general fund.
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California § 16603. (16603. (Added by Stats. 1953, Ch. 72.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1953, Ch. 72.