California Government Code 53331.5 – In addition to the other changes that may be made pursuant to this …
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In addition to the other changes that may be made pursuant to this article, the legislative body may use the procedures of this article to gain authorization to accept bonds tendered in payment of special taxes or at a foreclosure sale pursuant to Sections 53344.1 and 53356.8.
(Added by Stats. 1997, Ch. 946, Sec. 1. Effective January 1, 1998.)
Terms Used In California Government Code 53331.5
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC