California · * California Constitution - CONS

CONS §SECTION 5.5: Prudent State Reserve.

What this law says, in plain English

This statute establishes a prudent state reserve fund. The specific provisions and requirements are not detailed in the provided text.

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Prudent State Reserve. The Legislature shall establish a prudent state reserve fund in such amount as it shall deem reasonable and necessary. Contributions to, and withdrawals from, the fund shall be subject to the provisions of Section 5 of this Article.

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