{"code":"PUC","codeName":"Public Utilities Code","section":"16603","citation":"Pub. Util. Code, § 16603","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 7. PUBLIC UTILITY DISTRICT ACT [15501. - 18055.]","url":"https://blackletter.si/public-utilities-code/division-7"},{"name":"CHAPTER 4. Powers and Functions of Districts [16401. - 16682.]","url":"https://blackletter.si/public-utilities-code/division-7/chapter-4"},{"name":"ARTICLE 7. Receipts, Accounts, and Audits [16601. - 16614.]","url":"https://blackletter.si/public-utilities-code/division-7/chapter-4/article-7"}],"history":"Added by Stats. 1953, Ch. 72.","effective":null,"html":"<p>Whenever a reserve fund exceeds one-half of the payment for operating expenses in the preceding fiscal year, the board may appropriate such excess to the general fund.</p>","text":"Whenever a reserve fund exceeds one-half of the payment for operating expenses in the preceding fiscal year, the board may appropriate such excess to the general fund.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/receipts-accounts-and-audits-16603","source":"California Legislative Information bulk export (pubinfo)"}