Government Code section 53827

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.

Source: Section 53827, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53827. (accessed Jun. 2, 2025).

53820
53821
53821.5
53822
53823
53824
53825
53826
53827
53828
53829
53830
53830.5
53831
53832
53833

Last Updated

May 12, 2025

§ 53827’s source at ca.gov

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Location: https://california.public.law/codes/government_code_section_53827

Original Source: Section 53827, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53827. (last accessed May 12, 2025).