California Health and Safety Code 116761.86 – To the extent amounts in the fund are not required for current …
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To the extent amounts in the fund are not required for current obligation or expenditure, those amounts shall be invested in interest bearing obligations, and the interest earned shall become part of the fund.
(Added by Stats. 1997, Ch. 734, Sec. 15. Effective October 7, 1997.)
Terms Used In California Health and Safety Code 116761.86
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.