Ed. Code, § 16334 · Article 9. School Housing Aid for Rehabilitation and Replacement of Structurally Inadequate School Facilities
Ed. Code, § 16334
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The interest on apportionments made under this article shall be established by the board, with the approval of the Director of General Services, as follows:
(1) The interest rate applicable to apportionments made pursuant to Article 1 (commencing with Section 16000) and determined in accordance with Section 16065 shall be established as of June 30 of each year.
(2) The applicable interest rate on June 30 shall apply to apportionments made under this article in the ensuing fiscal year, July 1 through June 30.
(3) Interest on the apportionment shall be compounded annually through the 30th day of June of each year.
Notes and commentary — not statutory text
History
Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=16334.
- Text hash
- sha256 082a7430a4626e6917992faad1aea411b9bb33517058fb724b6ddde603fff464
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
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