Section 912.1 Of Article 11. Reports To The Legislature From California Public Utilities Code >> Division 1. >> Part 1. >> Chapter 4. >> Article 11.
912.1
. The Public Utilities Commission shall conduct an audit of
the expenditures of the funds received pursuant to Chapter 6
(commencing with Section 5001) of Division 2 each fiscal year. The
results of this audit shall be reported in writing, on or before
February 15th of each year thereafter, with respect to the audit for
the fiscal year ending on the previous June 30th, to the appropriate
policy and budget committees of the respective houses of the
Legislature.