California Health and Safety Code

§ 9078

HSC § 9078 Effective Jan 1, 2010Div. 8 · Part 4 · Ch. 6

Statute text

A district may, by resolution, establish a revolving fund pursuant to Article 15 (commencing with Section 53950) of Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code. The maximum amount of the revolving fund shall not exceed either of the following:

(a)One thousand dollars ($1,000) if the purpose of the revolving fund is to make change and pay small bills directly.

(b)One hundred ten percent of one-twelfth of the district’s adopted budget for the current fiscal year if the purpose of the revolving fund is to pay any authorized expenditures of the district.

Legislative history

Amended by Stats. 2009, Ch. 332, Sec. 75.7. (SB 113) Effective January 1, 2010.