Public Resources Code section 49144

The district board may establish and maintain a cash-basis fund for the purpose of defraying district expenses between the beginning of a fiscal year and the time of distribution of tax receipts in a fiscal year. The cash-basis fund shall not exceed 60 percent of the estimated expenditures for a fiscal year.

Source: Section 49144, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=PRC§ionNum=49144.­ (updated Jan. 1, 1989; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 49144's source at ca​.gov