Government Code section 15457

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.

Source: Section 15457, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=15457. (accessed Apr. 24, 2025).

Last Updated

Apr. 24, 2025

§ 15457’s source at ca.gov

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Location: https://california.public.law/codes/government_code_section_15457

Original Source: Section 15457, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=15457. (last accessed Apr. 24, 2025).