Cal. Health and Safety Code § 129330
Cal. Health and Safety Code § 129330
California · California Health and Safety Code · Status: effective · Effective 2021-07-27
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- Citation
- Cal. Health and Safety Code § 129330, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/876570
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Full text
In each even-numbered year, the department shall contract for an actuarial study to determine the reserve sufficiency of funds in the Health Facility Construction Loan Insurance Fund. The study shall examine the portfolio of existing insured loans and shall estimate the amount of reserve funds that the department should reasonably have available to be able to respond adequately to potential foreseeable risks, including extraordinary administrative expenses and actual defaults. Actuarial study contracts shall be exempt from Section 10373 of the Public Contract Code and shall be considered sole-source contracts.