California Financial Code

§ 8031

FIN § 8031 Effective Jul 6, 1984Div. 2 · Ch. 7 · Art. 2

Statute text

The proportion of operating costs and expenses to be assessed against each association shall be determined and prescribed by the commissioner by regulation. The total amount assessed for all associations, together with any existing surplus, shall not exceed the amount of the budget for the ensuing fiscal year plus a reasonable reserve for contingencies.

Legislative history

Amended by Stats. 1984, Ch. 287, Sec. 35. Effective July 6, 1984.