California Welfare and Institutions Code 4245 – Contracts entered in pursuant to this chapter shall:(a) Have an …
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Contracts entered in pursuant to this chapter shall:
(a) Have an annual contract period from July 1 through June 30 of each fiscal year unless the Director of State Hospitals or the contractor terminates the contract earlier.
Terms Used In California Welfare and Institutions Code 4245
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) Require an annual report by the contractor accounting for all expenditures and program accomplishments.
(Amended by Stats. 2012, Ch. 24, Sec. 108. (AB 1470) Effective June 27, 2012.)