California Public Utilities Code

§ 2120

PUC § 2120 Effective Jan 1, 2015Div. 1 · Part 1 · Ch. 11

Statute text

(a)The commission shall not distribute, expend, or encumber any moneys received by the commission as a result of any commission proceeding or judicial action, including the compromise or settlement of a claim, until both of the following are true:

(1)The commission has provided the Director of Finance with written notification of the receipt of the moneys and the basis for those moneys being received by the commission.

(2)The Director of Finance provides not less than 60 days’ written notice to the Chairperson of the Joint Legislative Budget Committee and the chairpersons of the appropriate budget subcommittees of the Senate and Assembly of the receipt of the moneys and the basis for those moneys being received by the commission.

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Legislative history

Amended by Stats. 2014, Ch. 71, Sec. 154. (SB 1304) Effective January 1, 2015.