California § 116761.65 - The board shall establish, and may periodically adjust, the interest rate for rep
Full text of California Public Contract Code - PCC § 116761.65 — The board shall establish, and may periodically adjust, the interest rate for rep, with citation guidance and answers to common questions.
§ 116761.65. The board shall establish, and may periodically adjust, the interest rate for rep
(a) The board shall establish, and may periodically adjust, the interest rate for repayable financing made pursuant to this chapter at a rate not to exceed 50 percent of the average interest rate, computed by the true interest cost method, paid by the state on general obligation bonds issued in the prior calendar year, rounded up to the closest one-tenth of 1 percent. (b) Notwithstanding subdivision (a), to the extent authorized by federal law, the board may provide reduced or 0 percent financing to further the purposes of this chapter.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 116761.65
What does Public Contract Code - PCC § 116761.65 cover?
Section 116761.65 ("The board shall establish, and may periodically adjust, the interest rate for rep") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 116761.65?
A common citation format is "Public Contract Code - PCC § 116761.65" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 116761.65 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.