§ 20537
51 words·~1 min read·
/ca/government-code/20537A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.