§ 50914
53 words·~1 min read·
/ca/government-code/50914A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the amount in the fund exceeds the amount required for disbursal, the excess shall be transferred to the general fund of the local agency and no longer under the control of the board. The amount required for disbursement is deemed the average amount per year disbursed during the next preceding three years.