California Government Code

§ 50974

GOV § 50974 Effective Jan 1, 2008Div. 1 · Title 5 · Part 1 · Ch. 4.5 · Art. 5

Upon termination of the award system, assets in the fund shall be disbursed in the following order:

(a)An amount sufficient to pay awards previously granted shall be retained by the board.

(b)An amount sufficient to pay reasonable administrative expenses shall be retained by the board.

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Legislative history

Repealed and added by Stats. 2007, Ch. 651, Sec. 2. Effective January 1, 2008. Operative March 1, 2008, by Section 50979.