California § 94874.1 - The bureau shall not verify the exemption from this chapter of, or contract for t
Full text of California Public Contract Code - PCC § 94874.1 — The bureau shall not verify the exemption from this chapter of, or contract for t, with citation guidance and answers to common questions.
§ 94874.1. The bureau shall not verify the exemption from this chapter of, or contract for t
(a) The bureau shall not verify the exemption from this chapter of, or contract for the complaint handling for, a nonprofit institution that operated as a for-profit institution during any period on or after January 1, 2010, unless the Attorney General verifies all of the following: (1) The nonprofit institution acquired the for-profit institutionâs assets for no more than the fair value of the assets. (2) The nonprofit institution has not executed agreements for goods or services exceeding the fair value of the goods or services. (3) All core functions of the nonprofit institution are conducted by, or under the direction of, the nonprofit institution. (4) The nonprofit institution has not entered into any contracts, loans, or leases with a term of longer than three years with the former for-profit institutionâs owners and managers. This paragraph does not apply to a nonprofit institution that previously operated as a for-profit institution that is owned by or controlled by a public institution of higher learning. (b) An action under subdivision (a) may be appealed to the superior court. (c) âFair valueâ shall be demonstrated through one of the following: (1) A third-party appraisal based on comparable assets acquired by, or goods or services procured by, nonprofit corporations in similar market conditions. (2) Independent financing of the acquisition or procurement based upon the asset acquired or goods or services procured. (3) Full and open competition in the acquisition of the assets or procurement of the goods or services. (d) Within 90 days of the receipt of all information the Attorney General has determined is necessary for its verification pursuant to subdivision (a), the Attorney General shall notify the institution and the bureau in writing of the Attorney Generalâs verification pursuant to subdivision (a). (e) This section shall become operative on January 1, 2022.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 94874.1
What does Public Contract Code - PCC § 94874.1 cover?
Section 94874.1 ("The bureau shall not verify the exemption from this chapter of, or contract for t") 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 § 94874.1?
A common citation format is "Public Contract Code - PCC § 94874.1" (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 § 94874.1 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.