The district board may establish and maintain a cash-basis fund for the purpose of defraying district expenses between the beginning of a fiscal year and the time of distribution of tax receipts in a fiscal year. The cash-basis fund shall not exceed 60 percent of the estimated expenditures for a fiscal year.
Cal. Pub. Res. Code § 49144
Taxation
Known as the California Integrated Waste Management Act
The act spans §§ 40000–49654 (1,051 sections).
Added by Stats. 1989, Ch. 1095, Sec. 22.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.