California § 129330 - In each even-numbered year, the department shall contract for an actuarial study
Full text of California Public Contract Code - PCC § 129330 — In each even-numbered year, the department shall contract for an actuarial study, with citation guidance and answers to common questions.
§ 129330. In each even-numbered year, the department shall contract for an actuarial study
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.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 129330
What does Public Contract Code - PCC § 129330 cover?
Section 129330 ("In each even-numbered year, the department shall contract for an actuarial study") 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 § 129330?
A common citation format is "Public Contract Code - PCC § 129330" (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 § 129330 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.