California Public Resources Code

§ 42061.5

PRC § 42061.5 Effective Jan 1, 2023Div. 30 · Part 3 · Ch. 3 · Art. 3

Statute text

(a)The department shall approve a PRO that meets the requirements of this chapter and both of the following:

(1)The PRO has a governing board consisting of producers that represent the diversity of covered material placed in the market by those entities. The governing board shall include nonvoting members with representation of material trade associations and companies if those material types are covered by the organization.

(2)The PRO demonstrates that it has adequate financial responsibility and financial controls in place, including fraud prevention measures and an audit schedule, to ensure proper management of funds.

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Legislative history

Added by Stats. 2022, Ch. 75, Sec. 2. (SB 54) Effective January 1, 2023.