Section 50969 Of Article 4. Contract Provisions From California Government Code >> Division 1. >> Title 5. >> Part 1. >> Chapter 4.5. >> Article 4.
50969
. The approximate and actual contributions payable by a
contracting department shall be similar to premiums under insurance
policies. The approximate contribution quoted by the board to the
department is subject to the contingency that the actual contribution
certified by the board after the approval of a contract may differ
from the approximate contribution because of any of the following:
(a) Time elapsed between the quotation and operative date of the
contract.
(b) Any changes in the facts or assumptions upon which the
quotation was based.