California § 10089.37 - The board shall set aside in each calendar year an amount equal to 5 percent of i
Full text of California Public Contract Code - PCC § 10089.37 — The board shall set aside in each calendar year an amount equal to 5 percent of i, with citation guidance and answers to common questions.
§ 10089.37. The board shall set aside in each calendar year an amount equal to 5 percent of i
The board shall set aside in each calendar year an amount equal to 5 percent of investment income accruing on the authorityâs invested funds, or five million dollars ($5,000,000), whichever is less, if deemed actuarially sound by a consulting actuary employed or hired by the authority, to be maintained as a subaccount in the California Earthquake Authority Fund. The authority shall use those funds to fund the establishment and operation of an Earthquake Loss Mitigation Fund. In the event a set-aside of mitigation-related funds may impair the actuarial soundness of the authority, the board may delay the implementation of this section. Any delay shall be reported to the Legislature and the commissioner and reported publicly.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 10089.37
What does Public Contract Code - PCC § 10089.37 cover?
Section 10089.37 ("The board shall set aside in each calendar year an amount equal to 5 percent of i") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 10089.37?
A common citation format is "Public Contract Code - PCC § 10089.37" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 10089.37 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.