Section 100607 Of Chapter 9. Benefit Assessment Districts From California Public Utilities Code >> Division 10. >> Part 12. >> Chapter 9.
100607
. The bonds issued pursuant to this chapter may be sold as
the board determines by resolution. The board may sell the bonds at a
price below par.
If the board determines by resolution that the bonds shall be sold
by competitive bid, the board, before selling the bonds, or any part
thereof, shall give notice inviting sealed bids in the manner that
it prescribes. If satisfactory bids are received, the bonds offered
shall be awarded to the highest responsible bidder. If no bids are
received, or if the board determines that the bids received are not
satisfactory as to price or responsibility of the bidders, the board
may reject all bids received, if any, and either readvertise or sell
the bonds at private sale or by negotiation, or by other lawful
means.
If the board determines by resolution that the bonds shall not be
sold by competitive bid, the board may sell the bonds at public or
private sale, by negotiation, or by other lawful means.