California Government Code

§ 53827

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

GOV § 53827Div. 2 · Title 5 · Part 1 · Ch. 4 · Art. 7

Statute text

View on leginfo.ca.gov

The sale shall be made to the bidder offering the lowest rate of interest or whose bid represents the lowest net cost to the local agency. Notwithstanding the provision of Section 53531, the rate of interest shall not exceed 15 percent a year.

Legislative history

Amended by Stats. 1983, Ch. 489, Sec. 1.