Cal. Gov. Code § 38416

Current through the 2023 Legislative Session.
Section 38416 - When and price or terms land to be sold; credit terms

The legislative body may determine when and at what price or terms the land or any part of it will be sold.

Credit terms shall not exceed four years, and deferred payments shall bear interest at 7 percent.

Ca. Gov. Code § 38416

Added by Stats. 1949, Ch. 79.