Division 2 — FINANCE AND TAXATION›Part II — FUNDS AND ACCOUNTS›Chapter 17 — PAYROLL REVOLVING FUND

Torrance Municipal Code Art. 1 Fund Created

Torrance Municipal Code · 2026-10 edition · updated 2026-10-21 · Torrance

Cite as: Torrance Municipal Code Article 1 · Text as of 2026-10-21

217.1.1 CREATION OF FUND; AMOUNT.¶

Notwithstanding any of the other provisions of Chapter 1 of this Division, there is hereby created in the records and accounts of the City, a fund to be known as the "Payroll Revolving Fund". This fund is created to control the payments of employee paychecks and authorized or legally required payroll withholdings.

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Torrance Municipal Code

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