Section 22785 Of Article 3. Bond Issuance From California Public Utilities Code >> Division 9. >> Part 2. >> Chapter 5. >> Article 3.

. If satisfactory bids are received the bonds offered for sale shall be awarded to the highest bidder. If no bids are received or the board of supervisors determines that the bids received are not satisfactory as to price or responsibility of the bidders, the board of supervisors may reject all bids received and either re-advertise or sell the bonds at private sale.