California Welfare and Institutions Code

§ 14124.45

WIC § 14124.45 Effective Dec 18, 2024Div. 9 · Part 3 · Ch. 7 · Art. 3.3

Statute text

Oversight of Prescription Drug Price Manipulators

(a)(1) In order to determine compliance with Section 14124.44, on and after January 1, 2025:

(A)A prescription drug price manipulator that holds tax-exempt status in this state shall annually submit to the Attorney General a detailed accounting for the prior calendar year of both its California statewide and nationwide gross and net revenues generated from participation in the discount prescription drug program as well as how those net revenues were spent.

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Legislative history

Added November 5, 2024, by initiative Proposition 34, Sec. 1. Effective December 18, 2024. Approved in Proposition 34 at the November 5, 2024, election. Operative January 1, 2025, pursuant to Section 14124.52.