Section 17245 Of Article 3. Reimbursement And Refunding Warrants From California Government Code >> Division 4. >> Title 2. >> Part 4. >> Chapter 2. >> Article 3.

. Registered reimbursement warrants shall be sold by the Controller at public sale to the best bidders or in negotiated sales on the terms and conditions the Controller shall approve, but at no less than face value of the registered reimbursement warrants offered.