Section 54225 Of Article 8. Surplus Land From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 5. >> Article 8.
54225
. 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 for the land. The
payment period for surplus land sold for housing for persons and
families of low and moderate income may exceed 20 years, but the
payment period shall not exceed the term that the land is required to
be used for low- or moderate-income housing.