California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 8.5 — Locksmiths, Article 9 — Revenue, Section 6980.84
(a) There shall be a separate budget and expenditure statement, and a separate revenue statement, outlining all moneys derived from, and expended for, the licensing and regulation of locksmiths and registrants in accordance with the provisions of this chapter.
(b) If, at the end of any fiscal year, the moneys derived from the licensing of locksmiths and registrants is in surplus in an amount equal or greater than the moneys necessary for the regulation of locksmiths and registrants for the next two fiscal years, license or other fees shall be reduced during the following fiscal year by an amount that will reduce any surplus moneys derived from the licensing of locksmiths and registrants to an amount less than the moneys expended for the regulation of locksmiths and registrants for the next two fiscal years.
Notes
Requires separate budget and expenditure and revenue statements for money derived from and spent on locksmith and registrant licensing and regulation. Requires fee reductions in the following fiscal year when year-end licensing surplus equals or exceeds the amount needed for the next two fiscal years, reducing surplus below the amount spent for regulation over those two years.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 6980.84 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-8-5/article-9/section-6980-84