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HomePublic Utilities CodeDiv. 1.5Ch. 3Art. 4§ 3342 Authority Fiscal Independence

§ 3342 Authority Fiscal Independence

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

§ 3342 Authority Fiscal Independence

Key Takeaways

  • •This law gives a special group the power to handle money stuff on their own, without asking other state groups for permission.
  • •They don’t have to follow the usual rules that other state groups follow, unless the law says so.
  • •This is like an extra set of rules just for them, on top of the normal rules everyone else uses.

Example

Imagine a school has a special club that gets to decide how to spend its own money without asking the principal or other teachers.

This law works like that. The special group can manage its money without checking with other state groups, unless the law says they have to.

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

Official Source
View on CA.gov

§ 3342 Authority Fiscal Independence

The fiscal powers granted to the authority by this division may be exercised without regard or reference to any other department, division, or agency of the state, except the Legislature or as otherwise stated in this division. This division shall be deemed to provide an alternative method of doing the things authorized by this division, and shall be regarded as supplemental and additional to powers conferred by other laws. (Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)

Last verified: January 23, 2026

Key Terms

legislatureauthorityeffective augustreference

Related Statutes

  • § 3347 Authority Effectiveness Evaluation
  • § 3341.1 Enterprise Acquisition And Development
  • § 3341.5 Authority Cost Recovery Rules
  • § 3343 Bond Issuer Liability Protection
  • § 3344 Funding Limits And Liability

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 3342.
View Official Source