{"code":"GOV","codeName":"Government Code","section":"53868","citation":"Gov. Code, § 53868","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 5. LOCAL AGENCIES [50001. - 57607.]","url":"https://blackletter.si/government-code/title-5"},{"name":"DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","url":"https://blackletter.si/government-code/title-5/division-2"},{"name":"PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1"},{"name":"CHAPTER 4. Financial Affairs [53600. - 53997.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4"},{"name":"ARTICLE 8. Delinquent Assessment Acquisition and Sales Law of 1915 [53860. - 53876.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4/article-8"}],"history":"Added by Stats. 1949, Ch. 81.","effective":null,"html":"<p>The legislative body shall determine the fair market value of the property or lien and that value is the minimum price receivable on the sale.</p>","text":"The legislative body shall determine the fair market value of the property or lien and that value is the minimum price receivable on the sale.","otherVersions":[],"url":"https://blackletter.si/government-code/delinquent-assessment-acquisition-and-sales-law-of-1915-53868","source":"California Legislative Information bulk export (pubinfo)"}