California § 50402 - Notwithstanding subdivision (a) of Section 50401, if the commissioner determines
Full text of California Public Contract Code - PCC § 50402 — Notwithstanding subdivision (a) of Section 50401, if the commissioner determines, with citation guidance and answers to common questions.
§ 50402. Notwithstanding subdivision (a) of Section 50401, if the commissioner determines
Notwithstanding subdivision (a) of Section 50401, if the commissioner determines that the charges and assessments set forth in this division for any year are in excess of the amount necessary, or are insufficient, to meet the expenses of administration of this division for that year, the assessments and charges for the following year shall be adjusted on a pro rata basis in accordance with the percentage of the excess or insufficiency as related to the actual charges and assessments for the year for which the excess or insufficiency occurred, in order to recover the actual costs of administration and provide a prudent reserve of 90 daysâ costs and expenses.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 50402
What does Public Contract Code - PCC § 50402 cover?
Section 50402 ("Notwithstanding subdivision (a) of Section 50401, if the commissioner determines") 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 § 50402?
A common citation format is "Public Contract Code - PCC § 50402" (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 § 50402 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.