California CodesCalifornia Constitution - CONSArticle XIII B — Government Spending LimitationSection 5
Each entity of government may establish such contingency, emergency, unemployment, reserve, retirement, sinking fund, trust, or similar funds as it shall deem reasonable and proper. Contributions to any such fund, to the extent that such contributions are derived from the proceeds of taxes, shall for purposes of this Article constitute appropriations subject to limitation in the year of contribution. Neither withdrawals from any such fund, nor expenditures of (or authorizations to expend) such withdrawals, nor transfers between or among such funds, shall for purposes of this Article constitute appropriations subject to limitation.
Notes
Allows every government entity to establish reasonable contingency, emergency, unemployment, reserve, retirement, sinking, trust, or similar funds. Counts tax-derived contributions as appropriations subject to limitation in the contribution year, but excludes withdrawals, spending authorizations, expenditures of withdrawals, and transfers among those funds from the limitation.
Use as reference
Lexinter.net | Cal. Const. art. XIII B, § 5 | https://laws.lexinter.net/constitution/california/article-xiii-b/section-5