California § 29824 - The rate of interest payable on a registered warrant shall be determined by a rat
Full text of California Public Contract Code - PCC § 29824 — The rate of interest payable on a registered warrant shall be determined by a rat, with citation guidance and answers to common questions.
§ 29824. The rate of interest payable on a registered warrant shall be determined by a rat
(a) The rate of interest payable on a registered warrant shall be determined by a ratesetting committee upon the affirmative vote of a majority of its members. A ratesetting committee shall consist of the auditor, the treasurer, and one representative of the issuing local agency, and shall in its discretion set a rate of interest payable on registered warrants that is consistent with sound business principles. (b) Interest on registered warrants shall be paid on the basis of actual days and a 365-day year, and shall accrue to the holder of the warrant on the date of redemption. A registered warrant shall cease to bear interest on any maturity date endorsed on its face, if on that date unapplied money is available for its payment, or on the date of the treasurerâs notice pursuant to subdivision (b) of Section 29826.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 29824
What does Public Contract Code - PCC § 29824 cover?
Section 29824 ("The rate of interest payable on a registered warrant shall be determined by a rat") 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 § 29824?
A common citation format is "Public Contract Code - PCC § 29824" (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 § 29824 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.