Cal. Gov. Code § 64129

Current through the 2023 Legislative Session.

Section 64129 - Net earnings beyond necessary retirement of obligations

Any net earnings of the authority beyond that necessary for retirement of any obligations issued by the authority or to implement the purposes of this division may inure to the benefit only of the state or the authority.

Ca. Gov. Code § 64129

Added by Stats 2009 ch 474 (AB 798),s 1, eff. 1/1/2010.