Cal. EDC § 15726
This is the official text of Cal. EDC § 15726, part of California’s Education Code — governs public schools, community colleges, and universities in California.
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Official statutory text
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.
Status: in_force · Read it on the official government site
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