California Government Code Section 64129

CA Govt Code § 64129 (2017)  

Any net earnings of the authority beyond that necessary for retirement of any obligations issued by the authority or to implement the purposes of this division may inure to the benefit only of the state or the authority.

(Added by Stats. 2009, Ch. 474, Sec. 1. (AB 798) Effective January 1, 2010.)

Last modified: October 25, 2018