{"data":{"id":"us-ca/gov-20537","jurisdiction":"us-ca","citation":"GOV § 20537","heading":"","body":"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.","path":["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.]"],"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":"ad8ee28ec90819c76e18e9946a88f00a7b03441f0ee49af5b09c64ab289b309d","source_id":"us-ca","stale":false,"prev":"us-ca/gov-20536","next":"us-ca/gov-20538"},"notice":"GroundRules: Original legal text. Not legal advice."}