§ 49144
52 words·~1 min read·
/ca/public-resources-code/49144A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.