Education Code section 17198

Any 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.

Source: Section 17198, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=17198. (accessed May 9, 2025).

Last Updated

Apr. 24, 2025

§ 17198’s source at ca.gov

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Location: https://california.public.law/codes/education_code_section_17198

Original Source: Section 17198, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=17198. (last accessed Apr. 24, 2025).