Statute · California Government Code
Cal. Gov't Code § 53827 — Temporary Borrowing
Cal. Gov't Code § 53827
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Gov't Code § 53827 — Temporary Borrowing is in force in the current edition of the Code, and nothing recorded condemns it.
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.