GroundRules
GOV § 20537
Where this section sits in the code
- Government Code - GOV
- TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA [8000. - 22980.]
- DIVISION 5. PERSONNEL [18000. - 22980.]
- PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM [20000. - 21716.]
- CHAPTER 5. Contract Members of System [20460. - 20593.]
- ARTICLE 3. Contracting Agency Financial Obligations [20530. - 20538.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON