California Government Code

§ 16183

GOV § 16183 Effective Jan 1, 2020Div. 4 · Title 2 · Part 1 · Ch. 5 · Art. 1

Statute text

(a)From the time a payment is made pursuant to Section 16180, the amount of that payment shall bear interest at a rate (not compounded), determined as follows:

(1)Beginning July 1, 2020, the rate of interest shall be 5 percent per annum.

(2)Beginning July 1, 2016, until June 30, 2020, the rate of interest shall be 7 percent per annum.

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Legislative history

Amended by Stats. 2019, Ch. 794, Sec. 1. (AB 133) Effective January 1, 2020.