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California Corporations Code

§ 14306

CORP § 14306 Effective Jan 1, 2014Div. 3 · Title 1 · Part 7 · Ch. 1

Statute text

View on leginfo.ca.gov
(a)The board of a mutual water company that operates a public water system shall adopt, in an open meeting, an annual budget on or before the start of each fiscal year of the mutual water company.
(b)The board of a mutual water company that operates a public water system shall contract with a certified public accountant or public accountant to conduct an annual review of the financial records and reports of the mutual water company. The review shall be subject to generally accepted accounting standards.
(c)Eligible persons may request a copy of the report, and shall reimburse the mutual water company for the costs of providing the report.
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Legislative history

Added by Stats. 2013, Ch. 633, Sec. 3. (AB 240) Effective January 1, 2014.

Source: California Corporations Code § 14306 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.