Gov. Code, § 20537 · Article 3. Contracting Agency Financial Obligations

Gov. Code, § 20537

Verbatim from the official edition

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

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.

Notes and commentary — not statutory text

History

Amended by Stats. 2023, Ch. 159, Sec. 3. (SB 885) Effective January 1, 2024.

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=20537.
Text hash: sha256 ad8ee28ec90819c76e18e9946a88f00a7b03441f0ee49af5b09c64ab289b309d
Composed by: 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

Cited by 1 provision

Provisions in this library whose text cites Gov. Code, § 20537. Each shows the citation as that text prints it.

Government Code

Gov. Code, § 20572Printed as Section 20537

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.