Statute · California Financial Code
Cal. Fin. Code § 32404 — Corporate Accounts
Cal. Fin. Code § 32404
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Beginning with the fiscal year which begins July 1, 1982, and each fiscal year thereafter, the board shall not adopt any budget for the corporation in which the projected total operating expenditures exceed the expected balance of the general operating account.
Citator
Cal. Fin. Code § 32404 — Corporate Accounts is in force in the current edition of the Code, and nothing recorded condemns it.
Beginning with the fiscal year which begins July 1, 1982, and each fiscal year thereafter, the board shall not adopt any budget for the corporation in which the projected total operating expenditures exceed the expected balance of the general operating account.