California § 11731 - The department and the Treasurer shall determine the interest rate or rates on th
Full text of California Public Contract Code - PCC § 11731 — The department and the Treasurer shall determine the interest rate or rates on th, with citation guidance and answers to common questions.
§ 11731. The department and the Treasurer shall determine the interest rate or rates on th
The department and the Treasurer shall determine the interest rate or rates on the bonds. The rate or rates may be fixed or variable and shall not exceed 12 percent per annum, except that the rate on any bond may, on any day, exceed 12 percent per annum if the interest borne by the issue of which the bond is a part from its date of issuance to, and including, that day does not exceed the total interest which would have been borne by the issue if all bonds of the issue had borne interest during that period at the rate of 12 percent per annum.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 11731
What does Public Contract Code - PCC § 11731 cover?
Section 11731 ("The department and the Treasurer shall determine the interest rate or rates on th") 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 § 11731?
A common citation format is "Public Contract Code - PCC § 11731" (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 § 11731 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.