§ 17222
63 words·~1 min read·
/ca/government-code/17222A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
By a majority vote, the committee shall fix the rate of interest paid on registered warrants at not more than 5 percent per annum, except, if the committee determines that it is in the best interests of the state to do so, the committee may fix the rate of interest paid on any registered warrants at no more than 12 percent per annum.