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HomePublic Utilities CodeDiv. 6Ch. 6.5Art. 6§ 13124 Trust Account Withdrawal Rules

§ 13124 Trust Account Withdrawal Rules

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 13124 Trust Account Withdrawal Rules

Key Takeaways

  • •Money in a special trust account can only be taken out if the board says it's okay.
  • •The board must give clear instructions before any money is used.
  • •No one can take money from the account without the board's permission.

Example

A school has a special account for field trips. The principal wants to use some of that money to buy new computers.

The principal can't take the money unless the school board agrees and gives the okay. If the board doesn't say yes, the money stays in the account.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 13124 Trust Account Withdrawal Rules

Money in any such special trust account shall be drawn therefrom only in accordance with directions given or authorized by the board. (Added by Stats. 1957, Ch. 2237.)

Last verified: January 23, 2026

Key Terms

special trust accountdirections given or authorized by the board

Related Statutes

  • § 13122 Reserve Fund Use Restrictions
  • § 13095 Bond Payment Reserve Funds
  • § 13121 Bond Reserve Funds
  • § 13123 Reserve Fund Withdrawal Rules
  • § 13131 Bond Payment Reserve Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 13124.
View Official Source