Cal. Education Code § 15726

California · California Education Code · Status: effective · Effective 1997-01-01

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Citation: Cal. Education Code § 15726, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/795234
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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.