California § 20574 - A terminated agency shall be liable to the system for any deficit in funding for
Full text of California Public Contract Code - PCC § 20574 — A terminated agency shall be liable to the system for any deficit in funding for, with citation guidance and answers to common questions.
§ 20574. A terminated agency shall be liable to the system for any deficit in funding for
A terminated agency shall be liable to the system for any deficit in funding for earned benefits, as determined pursuant to Section 20577, interest at the actuarial rate from the date of termination to the date the agency pays the system, and for reasonable and necessary costs of collection, including attorneyâs fees. The board shall have a lien on the assets of a terminated contracting agency, subject only to a prior lien for wages, in an amount equal to the actuarially determined deficit in funding for earned benefits of the employee members of the agency, interest, and collection costs. The assets shall also be available to pay actual costs, including attorneysâ fees, necessarily expended for collection of the lien.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 20574
What does Public Contract Code - PCC § 20574 cover?
Section 20574 ("A terminated agency shall be liable to the system for any deficit in funding for") 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 § 20574?
A common citation format is "Public Contract Code - PCC § 20574" (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 § 20574 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.