Cal. Fin. Code § 17324

Current through the 2023 Legislative Session.

Section 17324 - Reduction in membership fund caused by payment of extraordinary expense

Any reduction in the membership fund caused by payment of an extraordinary expense pursuant to subdivision (a) of Section 17320 or payment of claims pursuant to subdivision (c) of Section 17320 shall be replenished by the operations fund or the fidelity fund, as appropriate. The next assessment for the operations fund or the fidelity fund, as appropriate, shall include an amount necessary for that replenishment.

Ca. Fin. Code § 17324

Added by Stats. 1988, Ch. 1458, Sec. 20. Effective September 28, 1988.