Cal. Gov. Code § 20537

Current through the 2023 Legislative Session.

Section 20537 - Interest on any amount payment due and unpaid

The board may charge interest on the amount of any payment due and unpaid by a contracting agency until payment is received. Interest shall be charged at a simple annual rate of 10 percent. The interest shall be deemed interest earnings for the year in which the late payment is received.

Ca. Gov. Code § 20537

Amended by Stats 2023 ch 159 (SB 885),s 3, eff. 1/1/2024.

Amended by Stats 2016 ch 415 (AB 2375),s 24, eff. 1/1/2017.

Amended by Stats 2009 ch 118 (AB 637),s 2, eff. 1/1/2010.