Statute · California Government Code
Cal. Gov't Code § 22556 — Administrative Cost Assessment and Financial Obligations
Cal. Gov't Code § 22556
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2019-06-27
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A public agency on whose behalf the board has made advances of money pursuant to Section 22601 shall reimburse the state the amount of the advances, with interest at the rate of 7 percent per annum from the time of the advance, unless the amount of interest, if charged, would be less than one…
Citator
Cal. Gov't Code § 22556 — Administrative Cost Assessment and Financial Obligations is in force in the current edition of the Code, and nothing recorded condemns it.
A public agency on whose behalf the board has made advances of money pursuant to Section 22601 shall reimburse the state the amount of the advances, with interest at the rate of 7 percent per annum from the time of the advance, unless the amount of interest, if charged, would be less than one dollar ($1). The interest when collected shall be paid into the Treasury and credited as revenue to the General Fund.