Government Code section 64129

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 division may inure to the benefit only of the state or the authority.

Source: Section 64129, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=64129. (accessed Apr. 24, 2025).

Last Updated

Apr. 24, 2025

§ 64129’s source at ca.gov

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Location: https://california.public.law/codes/government_code_section_64129

Original Source: Section 64129, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=64129. (last accessed Apr. 24, 2025).