Statute · California Public Utilities Code
Cal. Pub. Util. Code § 105205 — Authorization and Issuance of General Obligation Bonds
Cal. Pub. Util. Code § 105205
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Date
- 2003-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The bonds may be sold as the board determines by resolution but for not less than par. Before selling the bonds or any part thereof, the board shall give notice inviting sealed bids in a manner as it may prescribe. If satisfactory bids are received, the bonds offered for sale shall be awarded to…
Citator
Cal. Pub. Util. Code § 105205 — Authorization and Issuance of General Obligation Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
The bonds may be sold as the board determines by resolution but for not less than par. Before selling the bonds or any part thereof, the board shall give notice inviting sealed bids in a manner as it may prescribe. If satisfactory bids are received, the bonds offered for sale 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.