{"code":"EDC","codeName":"Education Code","section":"15726","citation":"Ed. Code, § 15726","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]","url":"https://blackletter.si/education-code/title-1"},{"name":"DIVISION 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]","url":"https://blackletter.si/education-code/title-1/division-1"},{"name":"PART 10. SCHOOL BONDS [15100. - 17204.]","url":"https://blackletter.si/education-code/title-1/division-1/part-10"},{"name":"CHAPTER 4. State School Building Aid Law, 1949 [15700. - 15795.]","url":"https://blackletter.si/education-code/title-1/division-1/part-10/chapter-4"},{"name":"ARTICLE 1. General Provisions [15700. - 15754.]","url":"https://blackletter.si/education-code/title-1/division-1/part-10/chapter-4/article-1"}],"history":"Repealed and added by Stats. 1996, Ch. 277, Sec. 2.   Effective January 1, 1997.   Operative January 1, 1998.","effective":"1997-01-01","html":"<p>As used in Section <a href=\"/edc/15725\">15725</a> of the Education Code, the phrase “adjusted to the next highest one-eighth of 1 percent” means “increased by a full one-eighth of 1 percent.” It is hereby declared that this construction is not intended as a change in the present law, but as a declaration of the existing law, and shall apply to any interest rate heretofore or hereafter fixed by the board under said section.</p>","text":"As used in Section 15725 of the Education Code, the phrase “adjusted to the next highest one-eighth of 1 percent” means “increased by a full one-eighth of 1 percent.” It is hereby declared that this construction is not intended as a change in the present law, but as a declaration of the existing law, and shall apply to any interest rate heretofore or hereafter fixed by the board under said section.","otherVersions":[],"url":"https://blackletter.si/education-code/general-provisions-15726","source":"California Legislative Information bulk export (pubinfo)"}