§ 53870. Affiliated Organizations and Persons.

(a) Every affiliate of a plan in each designated region shall:

(1) Furnish, upon request, to the plan and to the department financial reports relevant to the disposition of funds paid to the affiliate by the plan. Reports shall be prepared according to generally accepted accounting principals and shall provide all financial data required by the plan to fulfill its obligations to the department for financial reporting.

(2) Make all books and records, which are pertinent to plan contracts with the department available for inspection by the department and the United States Department of Health and Human Services. These books and records shall be retained for at least five years from the close of each fiscal year in which the contract is in effect.

HISTORY

1. New section filed 7-1-96 as an emergency; operative 7-1-96. Submitted to OAL for printing only pursuant to Section 147, SB 485 (Ch. 722/92) (Register 96, No. 28).

2. Repealer of section heading, section and Note and new section heading, section and Note filed 3-4-97; operative 3-4-97. Submitted to OAL for printing only pursuant to Section 147, SB 485 (Ch. 722/92) (Register 97, No. 10).

Note

Note: Authority cited: Sections 10725, 14105, 14124.5 and 14312, Welfare and Institutions Code. Reference: Sections 14087.3 and 14087.4, Welfare and Institutions Code.