Jurris.COM
Section 13934 Of Chapter 9. General Obligation Bonds From California Health And Safety Code >> Division 12. >> Part 2.7. >> Chapter 9.
13934
. (a) Before selling the bonds or coupons, the district board
shall give notice inviting sealed bids. At a minimum, the district
board shall publish notice at least once in a newspaper of general
circulation in the district at least 10 days before the deadline for
receiving the bids.
(b) The district board shall award the sale of the bonds to the highest responsible bidder.
(c) If the district board does not receive any bids or if it determines that the bids received are not satisfactory as to price or responsibility of the bidders, it may reject all bids, if any, and either readvertise or sell the bonds at private sale.
(b) The district board shall award the sale of the bonds to the highest responsible bidder.
(c) If the district board does not receive any bids or if it determines that the bids received are not satisfactory as to price or responsibility of the bidders, it may reject all bids, if any, and either readvertise or sell the bonds at private sale.
