Public Utilities Code § 16603
ARTICLE 7. Receipts, Accounts, and Audits
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.
ARTICLE 7. Receipts, Accounts, and Audits
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.