{"data":{"id":"us-ca/gov-53827","jurisdiction":"us-ca","citation":"GOV § 53827","heading":"","body":"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.","path":["Government Code - GOV","TITLE 5. LOCAL AGENCIES [50001. - 57607.]","DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","CHAPTER 4. Financial Affairs [53600. - 53997.]","ARTICLE 7. Temporary Borrowing [53820. - 53833.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"542177c90be5963f426bf9f7143a5b86d94b4c047a628c15c97ee7fc31a90165","source_id":"us-ca","stale":false,"prev":"us-ca/gov-53826","next":"us-ca/gov-53828"},"notice":"GroundRules: Original legal text. Not legal advice."}