On or before July 1 of each year, the mattress recycling organization shall prepare and submit to the department a proposed used mattress recycling program budget for the following calendar year that includes all of the following:

(a) Anticipated revenues and costs of implementing the program, including related programs, projects, contracts, and administrative expenses.

(b) A recommended funding level sufficient to cover the plan’s budgeted costs and to operate the mattress recycling program in a prudent and responsible manner.

(c) The amount of the mattress recycling charge and itemization of costs that each charge covers.

(d) Additional information that the department deems necessary to determine whether the budget meets the requirements of this chapter.

(Amended by Stats. 2019, Ch. 673, Sec. 7. (AB 187) Effective January 1, 2020.)