Gov. Code, § 17561.5 · Article 1. Commission Procedure

Gov. Code, § 17561.5

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

The payment of an initial reimbursement claim by the Controller shall include accrued interest at the Pooled Money Investment Account rate, if the payment is being made more than 365 days after adoption of the statewide cost estimate for an initial claim. Interest shall begin to accrue as of the 366th day after adoption of the statewide cost estimate for the initial claim. Payment of a subsequent claim that was reported to the Legislature pursuant to paragraph (2) of subdivision (b) of Section 17562 shall include accrued interest at the Pooled Money Investment Account rate for any unpaid amount remaining on August 15 following the filing deadline. Interest shall begin to accrue on August 16 following the filing deadline.

Notes and commentary — not statutory text

History

Amended by Stats. 2007, Ch. 179, Sec. 17. Effective August 24, 2007.

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=GOV&sectionNum=17561.5.
Text hash: sha256 c95eb0514f66e3bfc9402480c55c2d11b6893415d858c08d1b79c81e7f461a90
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Government Code

Gov. Code, § 17562Printed as Section 17562

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