BlackletterCalifornia law

Government Code § 20537

ARTICLE 3. Contracting Agency Financial Obligations

Current as of September 28, 2026Gov. Code, § 20537Official source ↗Ask about this

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

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.