California Government Code 38416 – The legislative body may determine when and at what price or terms …
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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.
Terms Used In California Government Code 38416
- legislative body: means board of trustees, city council, or other governing body of a city. See California Government Code 34000
(Added by Stats. 1949, Ch. 79.)