California Education Code
§ 17198
EDC § 17198 Effective Jan 1, 1997Div. 1 · Title 1 · Part 10 · Ch. 18
Statute text
View on leginfo.ca.govAny net earnings of the authority beyond that necessary for the retirement of any obligations issued by the authority, or to implement the purposes of this chapter, may inure only to the benefit of the State of California or the authority.
Legislative history
Added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.