Section 38416.

Cal. Government Code - GOV § 38416.
in effect
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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.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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