Except in cases of a legally declared emergency, as defined in Section 29127, the general reserve may only be established, canceled, increased, or decreased at the time of adopting the budget as provided in Section 29088. The general reserve may be increased any time during the fiscal year by a four-fifths vote of the board.
(Amended by Stats. 2009, Ch. 332, Sec. 40. (SB 113) Effective January 1, 2010.)