Section 11892.1 Of Article 4. Powers And Duties Of Directors From California Public Utilities Code >> Division 6. >> Chapter 3. >> Article 4.
11892.1
. Notwithstanding Section 11892, 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 may, to
facilitate the business of the district, provide for the creation and
administration of revolving funds as the needs of the district may
require. The aggregate amount of the revolving funds shall not exceed
two hundred thousand dollars ($200,000). The revolving funds shall
be disbursed in accordance with the rules adopted by the board, and
all payments from any revolving fund shall be reported to the board
and vouchers filed therefor.