Section 98118 Of Article 2. Powers And Duties Of Directors From California Public Utilities Code >> Division 10. >> Part 10. >> Chapter 3. >> Article 2.

. To facilitate the business of the district, the board may provide for the creation and administration of such funds as the needs of the district may require. The funds shall be disbursed in accordance with rules established by the board and all payments from any fund shall be reported to the board.