CHAPTER 6. Financial Provisions [66705. - 66705.5.]

Cal. Government Code - GOV 6.
in effect

Cal. Government Code - GOV § 66705. Section 66705.

(a) The board shall provide for regular audits of the authority’s accounts and records and shall maintain accounting records and shall report accounting transactions in accordance with generally accepted accounting principles adopted by the Government Accounting Standards Board of the Financial Accounting Foundation for both public reporting purposes and for reporting of activities to the Controller. (b) The board shall provide for annual financial reports. The board shall make copies of the annual financial reports available to the public.

Cal. Government Code - GOV § 66705.5. Section 66705.5.

The authority shall be funded through gifts, donations, grants, state or local bonds, assessments, other appropriate funding sources, and other types of financial assistance from public and private sources.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements