California Government Code

§ 70377

GOV § 70377 Effective Jul 16, 2021Title 8 · Ch. 5.7 · Art. 6

Statute text

(a)Amounts required to be transmitted by a county, city and county, or court to the state pursuant to this section shall be remitted to the State Treasurer no later than 45 days after the end of the month in which the fees, assessments, or penalties were collected. This remittance shall be accompanied by remittance advice identifying the collection month and that the remittance is to be deposited into the State Court Facilities Construction Fund. Any remittance made later than this time shall be considered delinquent and subject to the interest and penalties specified in this section.

(b)Upon receipt of delinquent payment required pursuant to this section, the Controller shall do the following:

(1)Calculate the interest on the delinquent payment by multiplying the amount of the delinquent payment at a daily rate equivalent to the rate of return on money deposited in the Local Agency Investment Fund pursuant to Section 16429.1 from the date the payment was originally due to either 30 days after the date of the issuance by the Controller of the final audit report concerning the failure to pay or the date of payment by the entity responsible for the delinquent payment, whichever comes first. In calculating the interest under this paragraph, the Controller shall apply the average monthly Local Agency Investment Fund rate over the period of delinquency.

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Legislative history

Amended by Stats. 2021, Ch. 79, Sec. 24. (AB 143) Effective July 16, 2021.