Section 11891.6 Of Article 4. Powers And Duties Of Directors From California Public Utilities Code >> Division 6. >> Chapter 3. >> Article 4.
11891.6
. The board of a district which has owned and operated an
electric distribution system for at least eight years and has a
population of 250,000 or more which maintains a system of accounting
substantially in accordance with the Uniform System of Accounts for
Electrical Corporations prescribed by the Public Utilities
Commission, or any other generally accepted accounting system, may
provide, by resolution, under the terms and conditions as it sees
fit, for the payment, without prior specific approval by the board,
of demands against the district which relate to obligations incurred
for purposes and within the amounts specified for those purposes in a
projection of the district's operations for a period of not longer
than one year, if the demands are approved by the general manager.
The projection shall be expressed in terms of the major groups of
accounts in the system of accounts and shall be incorporated in the
resolution.