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HomeGovernment CodeDiv. 4Pt. 2Ch. 2Art. 5§ 16402 Revolving Fund Repayment Rules

§ 16402 Revolving Fund Repayment Rules

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

§ 16402 Revolving Fund Repayment Rules

Key Takeaways

  • •The state can reuse money from a special fund instead of taking it out of the big money pot.
  • •If a state group asks, the money boss can move the money back to where it came from.
  • •This is just about moving money around, not about spending new money.

Example

Imagine a school has a special piggy bank for field trips. Instead of taking money from the school's main bank account, they can use leftover money from last year's field trips.

The school can ask the money boss to move the leftover field trip money back into the field trip piggy bank instead of taking new money from the main account.

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

Official Source
View on CA.gov

§ 16402 Revolving Fund Repayment Rules

In lieu of actually withdrawing such revolving fund from the State Treasury, the Controller may in his discretion, upon request of the state agency for which the appropriation was made, apply and credit the amount of such revolving fund, or any portion thereof, as repayment and return of any existing revolving fund to the appropriation from which it was withdrawn by such state agency. (Added by Stats. 1949, Ch. 255.)

Last verified: January 22, 2026

Key Terms

revolving fundControllerState Treasuryappropriation

Related Statutes

  • § 16400 State Agency Revolving Funds
  • § 16403 Revolving Fund Accountability Rules
  • § 16404.5 Confidential Prison Fund Withdrawals
  • § 13144 Refunds Of State Fees
  • § 15104 Teletype Service Funds Reallocation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 16402.
View Official Source