1. (a) An Independent Producer shall submit to the Department an annual report that includes an annual budget pursuant to section 42051.3 of the Public Resources Code no later than October 1 of each year after the Department has approved or conditionally approved an Independent Producer plan pursuant to section 18980.7.1.
2. (b) Upon submittal of an annual report to the Department, the Independent Producer shall make the annual report available to the public by, at minimum, posting the document to its internet website until an approved annual report is posted pursuant to subdivision (d).
3. (c) The Department shall approve annual reports if they meet the requirements of section 18980.9.1 and section 42051.3 of the Public Resources Code.
4. (d) Within five calendar days after approval of the annual report by the Department, the Independent Producer shall post the approved annual report on the Independent Producer's internet website.

Note: Authority cited: Sections 40401, 40502, 42060, 42063 and 42057, Public Resources Code. Reference: Sections 42051 and 42051.3, Public Resources Code.

History

1. New section filed 5-1-2026; operative 5-1-2026 pursuant to Government Code section 11343.4(b)(3) (Register 2026, No. 19).