Statute · California Government Code
Cal. Gov't Code § 16418.5 — Contingency Reserve for Economic Uncertainties
Cal. Gov't Code § 16418.5
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Notwithstanding any other provision of law, each special fund shall include a contingency reserve for economic uncertainties. These reserves shall constitute reserve funds within the meaning of Section 5 of Article XIIIB of the California Constitution.
Citator
Cal. Gov't Code § 16418.5 — Contingency Reserve for Economic Uncertainties is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Notwithstanding any other provision of law, each special fund shall include a contingency reserve for economic uncertainties. These reserves shall constitute reserve funds within the meaning of Section 5 of Article XIIIB of the California Constitution.
(b) On the first day of each fiscal year, or on the day that the Budget Act for that fiscal year is chaptered, whichever occurs later, an amount sufficient for any appropriation made by that Budget Act or by any other statute from the fund in which the reserve account is established, shall be appropriated from each reserve account in each special fund.
(c) On the last day of each fiscal year, the unappropriated balance in each special fund shall be appropriated to the reserve account in that special fund.