Cal. Education Code § 15740
Cal. Education Code § 15740
California · California Education Code · Status: effective · Effective 1997-01-01
Cite this
- Citation
- Cal. Education Code § 15740, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/795248
- Permanent ID
ys:prov:795248@1- SHA-256
2a310ccf5e1bd19e56d3d37b8784a5fd2ec5d96571586f57ee27e9342801c5c0
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The Controller shall determine and maintain a record of the amount due the state in connection with each apportionment made to each grade level of a district under this chapter. He or she shall compute interest on the original amount of the apportionment at the rate fixed by the board, from the date of issuance of the Controller’s warrant covering the payment to the county treasurer of any portion of the apportionment until the first day of July of the fiscal year next succeeding that in which the warrant was issued. Thereafter, interest shall accrue to and be compounded as a part of the principal amount due the state pursuant to the apportionment through the 30th day of the following June of each year, until the principal and interest have been paid, or until the interest ceases to accrue, as provided in this chapter. Interest on unpaid school building aid apportionments shall be computed as if the annual repayment were credited on the first day of July of the fiscal year in which the repayment is withheld.