California § 3745 - The fund shall maintain cash, readily marketable securities, or other assets, or
Full text of California Public Contract Code - PCC § 3745 — The fund shall maintain cash, readily marketable securities, or other assets, or, with citation guidance and answers to common questions.
§ 3745. The fund shall maintain cash, readily marketable securities, or other assets, or
(a) The fund shall maintain cash, readily marketable securities, or other assets, or a line of credit, approved by the director, sufficient to immediately continue the payment of the compensation obligations of an insolvent self-insurer pending assessment of the members. The director may establish the minimum amount to be maintained by, or immediately available to, the fund for this purpose. (b) The fund may assess each of its members a pro rata share of the funding necessary to carry out the purposes of this article. (c) The trustees shall certify to the director the collection and receipt of all moneys from assessments, noting any delinquencies. The trustees shall take any action deemed appropriate to collect any delinquent assessments.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 3745
What does Public Contract Code - PCC § 3745 cover?
Section 3745 ("The fund shall maintain cash, readily marketable securities, or other assets, or") 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 § 3745?
A common citation format is "Public Contract Code - PCC § 3745" (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 § 3745 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.