California Streets and Highways Code 5325 – If the State of California or such department thereof does not pay …
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If the State of California or such department thereof does not pay the amount of money assessed within 30 days after the effective date of the legislation making the appropriation to pay the assessment, the amount of money assessed shall bear interest at the rate of 6 percent per annum until paid, commencing with the 31st day after the effective date of such appropriation.
(Added by Stats. 1969, Ch. 1219.)
Terms Used In California Streets and Highways Code 5325
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Department: means the Department of Transportation of this state. See California Streets and Highways Code 20