Government Code section 17222

By a majority vote, the committee shall fix the rate of interest paid on registered warrants at not more than 5 percent per annum, except, if the committee determines that it is in the best interests of the state to do so, the committee may fix the rate of interest paid on any registered warrants at no more than 12 percent per annum.

Source: Section 17222, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=17222.­ (updated Jul. 28, 2009; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 17222's source at ca​.gov