California § 130542.1 - It is the intent of the Legislature that the program shall be self-financing and
Full text of California Public Contract Code - PCC § 130542.1 — It is the intent of the Legislature that the program shall be self-financing and, with citation guidance and answers to common questions.
§ 130542.1. It is the intent of the Legislature that the program shall be self-financing and
(a) It is the intent of the Legislature that the program shall be self-financing and that General Fund moneys provided to the fund shall be repaid within five years after implementation of the program begins. The department shall provide the Legislature with a five-year projection of program revenues and expenditures as part of its annual budget request. The projection shall include a projected General Fund repayment schedule. (b) The department may use up to 25 percent of manufacturer rebate revenues to administer the program, including the funding of a float account to finance payments to participating pharmacies in advance of the receipt of manufacturer rebates.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 130542.1
What does Public Contract Code - PCC § 130542.1 cover?
Section 130542.1 ("It is the intent of the Legislature that the program shall be self-financing and") 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 § 130542.1?
A common citation format is "Public Contract Code - PCC § 130542.1" (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 § 130542.1 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.