California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 1 — Licensing of PersonsChapter 6 — RevenueArticle 1 — Real Estate FundSection 10454
The commissioner may, with the consent of the Department of Finance, withdraw from the Real Estate Fund moneys to be used as a revolving fund where cash advances are necessary. The commissioner shall account for the sum withdrawn from the revolving fund at any time upon demand of the Department of Finance.
Notes
Allows the commissioner, with Department of Finance consent, to withdraw money from the Real Estate Fund for use as a revolving fund when cash advances are necessary. The commissioner must account for the amount withdrawn from that revolving fund whenever the Department of Finance demands an accounting.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10454 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-6/article-1/section-10454