California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 11.5 — Private Security Services, Article 8 — Revenue, Section 7588.3
All money derived from the licensing and regulation of persons licensed under this chapter shall be expended exclusively on the licensing and regulation of these persons. If, at the end of any fiscal year, the money derived from this licensing and not expended pursuant to this section is an amount which equals or is more than the money necessary for the regulation of licensees for the next two fiscal years, license or other fees shall be reduced during the following fiscal year in an amount which will reduce any surplus money derived from the licensing to an amount less than the money expended for the regulation of licensees for the next two fiscal years.
Notes
Requires all money derived from licensing and regulating persons under the chapter to be spent exclusively on those functions. If year-end unspent licensing money equals or exceeds the amount needed for the next two fiscal years of regulation, license or other fees must be reduced the following year enough to bring the surplus below that two-year amount.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 7588.3 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-11-5/article-8/section-7588-3