Gov. Code, § 93028 · Chapter 3. Powers and Duties of Authority
Gov. Code, § 93028
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) At the direction of the board, the executive director shall submit a recommended budget to the board on or before June 30 of each year. The board shall adopt an annual budget by a resolution adopted by a majority of the board of directors.
(b) The board shall not make any increase or addition to the annual budget after it adopts the budget pursuant to subdivision (a) unless that action is approved by a resolution adopted by at least two-thirds of the board members.
(c) In the recommended and adopted budgets, and in any revisions to the adopted budget, the funding sources shall equal the financing uses.
(d) The board shall provide for regular audits of the agency’s accounts and records and shall maintain accounting records and report accounting transactions in accordance with generally accepted accounting principles adopted by the Government Accounting Standards Board of the Financial Accounting Foundation for public reporting purposes.
Notes and commentary — not statutory text
History
Added by Stats. 2025, Ch. 424, Sec. 10. (SB 727) Effective January 1, 2026.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=93028.
- Text hash
- sha256 1e7e5aa55b419755d51d3628ca8063a4330f5f59195c07aa0ef19bf28ecb93a0
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.