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California · Through 2026-09-13

GOV § 53827

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Where this section sits in the code
  1. Government Code - GOV
  2. TITLE 5. LOCAL AGENCIES [50001. - 57607.]
  3. DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]
  4. PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]
  5. CHAPTER 4. Financial Affairs [53600. - 53997.]
  6. ARTICLE 7. Temporary Borrowing [53820. - 53833.]

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.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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