California § 13867 - The department shall require the payment of interest on each loan that is made pu
Full text of California Public Contract Code - PCC § 13867 — The department shall require the payment of interest on each loan that is made pu, with citation guidance and answers to common questions.
§ 13867. The department shall require the payment of interest on each loan that is made pu
The department shall require the payment of interest on each loan that is made pursuant to the provisions of this chapter at a rate equal to the average, as determined by the State Treasurer, of the net interest cost to the state on the sales of general obligation bonds pursuant to the provisions of this chapter. However, when the applicable average of the net interest costs to the state is not a multiple of one-tenth of 1 percent the interest rate shall be at the multiple of one-tenth of 1 percent next above the applicable average of the net interest costs.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 13867
What does Public Contract Code - PCC § 13867 cover?
Section 13867 ("The department shall require the payment of interest on each loan that is made pu") 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 § 13867?
A common citation format is "Public Contract Code - PCC § 13867" (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 § 13867 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.