California Health and Safety Code

§ 1792.4

HSC § 1792.4 Effective Jan 1, 2005Div. 2 · Ch. 10 · Art. 6

Statute text

(a)Each provider shall include in its liquid reserve a reserve for its operating expenses in an amount that equals or exceeds 75 days’ net operating expenses. For purposes of this section:

(1)Seventy-five days net operating expenses shall be calculated by dividing the provider’s operating expenses during the immediately preceding fiscal year by 365, and multiplying that quotient by 75.

(2)“Net operating expenses” includes all expenses except the following:

…

Legislative history

Amended by Stats. 2004, Ch. 129, Sec. 4. Effective January 1, 2005.