GroundRules
EDC § 15726
Where this section sits in the code
- Education Code - EDC
- TITLE 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]
- DIVISION 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]
- PART 10. SCHOOL BONDS [15100. - 17204.]
- CHAPTER 4. State School Building Aid Law, 1949 [15700. - 15795.]
- ARTICLE 1. General Provisions [15700. - 15754.]
As used in Section 15725 of the Education Code, the phrase “adjusted to the next highest one-eighth of 1 percent” means “increased by a full one-eighth of 1 percent.” It is hereby declared that this construction is not intended as a change in the present law, but as a declaration of the existing law, and shall apply to any interest rate heretofore or hereafter fixed by the board under said section.
Collected 2026-09-14T05:56:33Z. Source file · JSON