Section 130542.1 - Self-financing program; repayment of General Fund moneys(a) It is the intent of the Legislature that the program shall be self-financing and that General Fund moneys provided to the fund shall be repaid within five years after implementation of the program begins. The department shall provide the Legislature with a five-year projection of program revenues and expenditures as part of its annual budget request. The projection shall include a projected General Fund repayment schedule.(b) The department may use up to 25 percent of manufacturer rebate revenues to administer the program, including the funding of a float account to finance payments to participating pharmacies in advance of the receipt of manufacturer rebates.Ca. Health and Saf. Code § 130542.1
Added by Stats 2008 ch 758 (AB 1183),s 15, eff. 9/30/2008.