Cal. Gov. Code § 50973

Current through the 2023 Legislative Session.

Section 50973 - Establishment that fund contains sufficient assets to make payments

The board may provide that an award under this chapter shall not be payable, or begin to accrue, until the board establishes, by appropriate resolution, that the fund contains sufficient net assets to make the payments provided by this chapter based upon an actuarial reserve basis.

Ca. Gov. Code § 50973

Added by Stats 2007 ch 651 (SB 581),s 2, eff. 1/1/2008.