Cal. Pub. Util. Code § 3283
The Wildfire Fund
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2025
As of January 1, 2019
The council shall direct the administrator to prepare and present for approval a plan of operations related to the operations, management, and administration of the fund on an annual basis. At least annually, the council shall direct the administrator to present the plan of operations to the appropriate policy committees of the Legislature. The plan shall include, but not be limited to, reporting on the Wildfire Fund assets, projections for the durability of the fund, the success of the fund, whether or not the fund is serving its purpose, and a plan for winding up the fund if projections demonstrate that the fund will be exhausted within the next three years.
(a) The administrator shall prepare and submit to the council an annual report on the operations, financial condition, and activities of the fund and the account that includes, but is not limited to, all of the following: (1) The Wildfire Fund assets and the account assets. (2) Projections for the durability of the fund and the account. (3) Information on claims received and paid. (4) Summary of actions of the council or the administrator. (5) A plan for winding up the fund or the account if projections demonstrate that the Wildfire Fund assets or the account assets will be exhausted within the next three years.
(b) (1) Notwithstanding Section 10231.5 of the Government Code, upon approval of the council, the report shall be submitted no later than August 15 of each year to the appropriate policy committees of the Legislature.
(2) The report required by paragraph (1) shall be submitted in accordance with Section 9795 of the Government Code.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.