California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 5. LOCAL AGENCIES |
Division 2. CITIES, COUNTIES, AND OTHER AGENCIES |
Part 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES |
Chapter 5. Property |
ARTICLE 8. Surplus Land |
Section 54225.
Latest version.
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Any public agency selling surplus land to an entity described in Section 54222 for park or recreation purposes, for open-space purposes, for school purposes, or for low- and moderate- income housing purposes may provide for a payment period of up to 20 years in any contract of sale or sale by trust deed of such land.
(Amended by Stats. 1984, Ch. 1303, Sec. 2.)