California Public Resources Code 48003 – The state board may not spend more than 1/2 percent of the total …
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The state board may not spend more than 1/2 percent of the total revenues deposited, or anticipated to be deposited, in the account during a fiscal year for the administration of this chapter during that fiscal year.
(Amended by Stats. 2003, Ch. 742, Sec. 8. Effective January 1, 2004.)
Terms Used In California Public Resources Code 48003
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.