Cal. Health and Safety Code § 1376.1
Cal. Health and Safety Code § 1376.1
California · California Health and Safety Code · Status: effective · Effective 2010-01-01
Cite this
- Citation
- Cal. Health and Safety Code § 1376.1, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/857700
- Permanent ID
ys:prov:857700@1- SHA-256
b8e9ad2a841f7fd3c18a0395008f737d0b6d044dffa062bef4e22dfde077b3e8
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The deposit requirements of Section 1300.76.1 of Title 28 of the California Code of Regulations shall not apply to any plan operated by a county, or city and county, if both of the following apply:
(a) All of the evidence of indebtedness of the county, or city and county, has been rated “A” or better by Moody’s Investors Service, Inc. or Standard & Poor’s Corporation, based on a rating conducted during the immediately preceding 12 months.
(b) The county, or city and county, has cash or cash equivalents in an amount equal to fifty million dollars ($50,000,000) or more, based on its audited financial statements for the immediately preceding fiscal year. For purposes of this subdivision, the term “equivalents” shall have the same meaning as in Section 1300.77 of Title 28 of the California Code of Regulations.