California § 17561.5 - The payment of an initial reimbursement claim by the Controller shall include acc
Full text of California Public Contract Code - PCC § 17561.5 — The payment of an initial reimbursement claim by the Controller shall include acc, with citation guidance and answers to common questions.
§ 17561.5. The payment of an initial reimbursement claim by the Controller shall include acc
The payment of an initial reimbursement claim by the Controller shall include accrued interest at the Pooled Money Investment Account rate, if the payment is being made more than 365 days after adoption of the statewide cost estimate for an initial claim. Interest shall begin to accrue as of the 366th day after adoption of the statewide cost estimate for the initial claim. Payment of a subsequent claim that was reported to the Legislature pursuant to paragraph (2) of subdivision (b) of Section 17562 shall include accrued interest at the Pooled Money Investment Account rate for any unpaid amount remaining on August 15 following the filing deadline. Interest shall begin to accrue on August 16 following the filing deadline.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 17561.5
What does Public Contract Code - PCC § 17561.5 cover?
Section 17561.5 ("The payment of an initial reimbursement claim by the Controller shall include acc") 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 § 17561.5?
A common citation format is "Public Contract Code - PCC § 17561.5" (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 § 17561.5 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.