Financial Code section 8031

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.

Source: Section 8031, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=8031. (accessed Jun. 2, 2025).

8030
8031
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8037

Last Updated

May 12, 2025

§ 8031’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_8031

Original Source: Section 8031, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=8031. (last accessed May 12, 2025).