California Public Utilities Code

§ 16603

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

PUC § 16603Div. 7 · Ch. 4 · Art. 7

Statute text

View on leginfo.ca.gov

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.

Legislative history

Added by Stats. 1953, Ch. 72.