{"code":"GOV","codeName":"Government Code","section":"38416","citation":"Gov. Code, § 38416","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 4. GOVERNMENT OF CITIES [34000. - 45345.]","url":"https://blackletter.si/government-code/title-4"},{"name":"DIVISION 3. OFFICERS [36501. - 41805.]","url":"https://blackletter.si/government-code/title-4/division-3"},{"name":"PART 2. LEGISLATIVE BODY [36801. - 40592.]","url":"https://blackletter.si/government-code/title-4/division-3/part-2"},{"name":"CHAPTER 9. Discontinuance of Parks [38400. - 38510.]","url":"https://blackletter.si/government-code/title-4/division-3/part-2/chapter-9"},{"name":"ARTICLE 1. Parks Dedicated by Original Town Site Map or Plat [38400. - 38418.]","url":"https://blackletter.si/government-code/title-4/division-3/part-2/chapter-9/article-1"}],"history":"Added by Stats. 1949, Ch. 79.","effective":null,"html":"<p>The legislative body may determine when and at what price or terms the land or any part of it will be sold.</p><p>Credit terms shall not exceed four years, and deferred payments shall bear interest at 7 percent.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/government-code/parks-dedicated-by-original-town-site-map-or-plat-38416","source":"California Legislative Information bulk export (pubinfo)"}