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California Code, Financial Code - FIN § 32404

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - California Code, Financial Code - FIN § 32404 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-32404/

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