California Business and Professions Code

§ 11418.3

BPC § 11418.3 Effective Jan 1, 2026Div. 4 · Part 3 · Ch. 8

Statute text

If, at any time, the money deposited in the Recovery Account is insufficient to satisfy any authorized claim or portion thereof, the bureau shall, when sufficient money has been deposited in the Recovery Account, satisfy the unpaid claims or portions thereof, in the order that the claims were approved, plus accumulated interest at the rate of 4 percent a year.

Legislative history

Added by Stats. 2025, Ch. 786, Sec. 59. (SB 774) Effective January 1, 2026. Repealed as of January 1, 2030, pursuant to Section 11420.