Statute · California Government Code

Cal. Gov't Code § 64129 — CALIFORNIA TRANSPORTATION FINANCING AUTHORITY

Cal. Gov't Code § 64129

Type
Statute
Source
California Government Code
Jurisdiction
California
Date
2010-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

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.

Citator

Cal. Gov't Code § 64129 — CALIFORNIA TRANSPORTATION FINANCING AUTHORITY is in force in the current edition of the Code, and nothing recorded condemns it.

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.