Cal. Pub. Util. Code § 150103

Current through the 2023 Legislative Session.
Section 150103 - Limitation on expenditures

The authority shall expend only that amount of the funds generated pursuant to this division for staff support, audit, administrative expenses, and contract services that are necessary and reasonable to carry out its responsibilities pursuant to this division.

The authority shall not expend more than 5 percent of the funds generated pursuant to this division in any year for salaries and benefits of its staff.

Ca. Pub. Util. Code § 150103

Added by Stats. 1986, Ch. 1521, Sec. 1.