Gov. Code, § 54238 · Article 8.5. Surplus Residential Property
Gov. Code, § 54238
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
In the event a purchaser of a surplus residential property purchased at an affordable price does not comply with the applicable terms, conditions, and restrictions imposed pursuant to Section 54237 of this article, to assure that the housing will remain available to persons and families of low or moderate income, the state agencies that sold the property may require that the purchasers pay the state the difference between the actual price paid by the purchaser for the property and the fair market value of the property at the time of the agency’s determination of noncompliance, plus 6 percent interest on that amount for the period of time the land has been held by the purchaser. This section does not limit the right to seek injunctive relief to enforce the provisions of this article.
Notes and commentary — not statutory text
History
Amended by Stats. 2026, Ch. 937, Sec. 5. (AB 2329) Effective September 30, 2026.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=54238.
- Text hash
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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Government Code
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