California Government Code

§ 16400

GOV § 16400 Effective Sep 22, 1994Div. 4 · Title 2 · Part 2 · Ch. 2 · Art. 5

Statute text

(a)Any state agency for which an appropriation is made, may, without at the time furnishing vouchers and itemized statements, draw from that appropriation for use as a revolving fund any of the following:

(1)A sum not to exceed 3 percent of the total amount of the appropriation.

(2)With the approval of the Director of Finance, a sum in excess of 3 percent but not in excess of 10 percent of the total amount of the appropriation.

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Legislative history

Amended by Stats. 1994, Ch. 726, Sec. 17. Effective September 22, 1994.