Section 60290 Of Chapter 5. District Reserves And Accounting From California Water Code >> Division 18. >> Part 5. >> Chapter 5.

. The district may establish an annual reserve fund in an amount not to exceed ten million dollars ($10,000,000) commencing with the 2000-01 fiscal year. The maximum allowable reserve fund may be adjusted annually commencing with the 2001-02 fiscal year to reflect percentage increases or decreases in the blended cost of water from district supply sources. Beginning in the 2019-20 fiscal year, a minimum of 80 percent of the reserve shall be for water purchases.