Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 5./Title 2.: DIVISION 5. PERSONNEL/Part 3.: PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM/Ch. 5.: CHAPTER 5. Contract Members of System/Art. 3.: ARTICLE 3. Contracting Agency Financial Obligations/§ 20537.
California Statutes

§ 20537. — 20537. (Amended by Stats. 2023, Ch. 159, Sec. 3.)

California § 20537.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.5.
Title 2.DIVISION 5. PERSONNEL
Part 3.PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Ch. 5.CHAPTER 5. Contract Members of System
Art. 3.ARTICLE 3. Contracting Agency Financial Obligations

This text of California § 20537. (20537. (Amended by Stats. 2023, Ch. 159, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Government Code - GOV Code § 20537. (2026).

Text

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.

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Legislative History

Amended by Stats. 2023, Ch. 159, Sec. 3. (SB 885) Effective January 1, 2024.
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California § 20537., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/20537..