California § 31641.21 - Regular interest computed at the current interest rate as used in subdivision (b)
Full text of California Public Contract Code - PCC § 31641.21 — Regular interest computed at the current interest rate as used in subdivision (b), with citation guidance and answers to common questions.
§ 31641.21. Regular interest computed at the current interest rate as used in subdivision (b)
Regular interest computed at the current interest rate as used in subdivision (b) of Section 31641.2 shall mean that amount of interest which would have been credited to the account of the member on the amount to be deposited at the interest rates established for the system if the contribution required by that section had been on deposit from the date used to determine the earnable compensation on which such contributions are based until the amount required to be deposited has been paid.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 31641.21
What does Public Contract Code - PCC § 31641.21 cover?
Section 31641.21 ("Regular interest computed at the current interest rate as used in subdivision (b)") 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 § 31641.21?
A common citation format is "Public Contract Code - PCC § 31641.21" (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 § 31641.21 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.