Notwithstanding any other provisions of law, the board may establish and include in the annual budget for a district a general unappropriated reserve not to exceed 25 percent of the total appropriations contained in the budget, exclusive of all items for bond interest and redemption, the general unappropriated reserve, and the general reserve.
Cal. Water Code § 55502.1
General Provisions
Known as the County Waterworks District Law
The act spans §§ 55000–55991 (184 sections).
Added by Stats. 1953, Ch. 1059.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.