§ 16329 Local Revenue Fund Loans

• •California has a special fund called the Local Revenue Fund 2011 where money is kept.
• •The person in charge of money (the Controller) can lend money from this fund to another big fund (General Fund) if needed.
• •This is only allowed under certain rules mentioned in other sections (16310 and 16381).

Imagine you have a piggy bank (Local Revenue Fund 2011) with money saved up.

If your family needs money for something important (like the General Fund), your parent (the Controller) can take some money from your piggy bank to help out, but only if they follow certain rules.