California · Health and Safety Code - HSC
HSC §1375.2: On and after October 1, 1977, every plan operating under a transitional license shall have a fiscally sound operation.
What this law says, in plain English
Plans operating under a transitional license must maintain financially sound operations starting October 1, 1977.
Read the full statutory text
On and after October 1, 1977, every plan operating under a transitional license shall have a fiscally sound operation.
Verify at the official source: California legislative text
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