Cal. Gov. Code § 15457

Current through the 2023 Legislative Session.

Section 15457 - Net earnings inure to benefit of state or authority

Any net earnings of the authority beyond that necessary for retirement of any obligations issued by the authority or to implement the purposes of this chapter may inure to the benefit only of the State of California or the authority.

Ca. Gov. Code § 15457

Added by Stats. 1979, Ch. 1033.