§ 53827
43 words·~1 min read·
/ca/government-code/53827A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.