California Public Utilities Code 120356 – The board may establish and maintain reserve funds for its planning, …
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The board may establish and maintain reserve funds for its planning, procurement, construction, and acquisition programs with moneys received from private and public contributions, donations and assessments, licenses, leases, sales, and rental income, and any other revenues of the board, except revenues received pursuant to Sections 99260, 99275, 99312, 99313, and 99319.
(Added by Stats. 1986, Ch. 864, Sec. 3.)
Terms Used In California Public Utilities Code 120356
- board: means a county transit development board created pursuant to Chapter 2 (commencing with Section 120050). See California Public Utilities Code 120001