Cal. EDC § 22321
This is the official text of Cal. EDC § 22321, part of California’s Education Code — governs public schools, community colleges, and universities in California.
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Official statutory text
The system shall pay interest for delays in excess of the allowable days specified in Sections 22318 to 22320, inclusive. The interest rate for late payments shall be the regular interest rate. Interest payments shall be deemed to be interest earned in the calendar year in which paid. All interest payments under this section shall be paid in addition to any credited interest that is paid.
Status: in_force · Read it on the official government site
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