At any time after the creation of a capital outlay fund, the board of directors may transfer to such fund any unencumbered surplus funds remaining on hand in the district at the end of any fiscal year.
Cal. Health & Safety Code § 32222
Capital Outlays
Known as the The Local Health Care District Law
The act spans §§ 32000–32499 (143 sections).
Added by Stats. 1945, Ch. 932.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.