{"data":{"id":"us-ca/wic-14587","jurisdiction":"us-ca","citation":"WIC § 14587","heading":"","body":"No Medi-Cal certification for an adult day health center shall be approved or renewed if any state officer or employee has a direct financial interest in such a subcontractor.\nFor the purposes of this section, “direct financial interest” means the ownership of common stock, preferred stock, warrants, options, partnership interests, and debt instruments if convertible to equity investments in a subcontractor specified in this section. A convertible debt includes bonds, notes, debentures, and mortages. As used in this section, “direct financial interest” also includes such financial interest of a spouse or a minor child of a state officer or employee in any business entity or in real property held for income or gain.","path":["Welfare and Institutions Code - WIC","DIVISION 9. PUBLIC SOCIAL SERVICES [10000. - 18999.98.]","PART 3. AID AND MEDICAL ASSISTANCE [11000. - 15771.]","CHAPTER 8.7. Adult Day Health Care Programs [14520. - 14590.]","ARTICLE 5. Conflict of Interest [14585. - 14588.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"d5a52c257c7edc31f99cea5c5d739ed33b1ecbdb6151608033d210db18ad373e","source_id":"us-ca","stale":false,"prev":"us-ca/wic-14586","next":"us-ca/wic-14588"},"notice":"GroundRules: Original legal text. Not legal advice."}