ARTICLE 4. Contributions and Surplus

Article 4 added by Stats. 1949, Ch. 81.

§§ 50910–50914 · 5 sections

• § 50910 At the time of each annual tax levy, the legislative body of the local agency shall direct that from the funds of the local agency an amount equal to 2 percent…
• § 50911 At the time of each annual tax levy, the legislative body shall direct the payment into the police relief and pension fund of the following amounts: (a) Not…
• § 50912 At the time of each annual tax levy, the legislative body shall direct the payment into the firemen’s relief and pension fund of the following amounts: (a) All…
• § 50913 On June 30th of each year, or as soon thereafter as practicable, the auditor of the local agency shall make a report to the legislative body stating: (a) The…
• § 50914 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…