{"data":{"id":"us-ca/edc-15726","jurisdiction":"us-ca","citation":"EDC § 15726","heading":"","body":"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.","path":["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.]"],"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":"62327df8b0926ef957a1fe7a5f884337cc7329f7c549eb6633163a92b4b45684","source_id":"us-ca","stale":false,"prev":"us-ca/edc-15725","next":"us-ca/edc-15727"},"notice":"GroundRules: Original legal text. Not legal advice."}