§ 54418. — 54418. (Amended by Stats. 1990, Ch. 1130, Sec. 7.)

California § 54418.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 2.
• Title 5.: DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES
• Part 1.: PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES
• Ch. 6.: CHAPTER 6. Revenue Bond Law of 1941
• Art. 4.: ARTICLE 4. Provisions Relating to Bonds

Text

The legislative body may sell the bonds at a price above or below par in a manner, at public or private sale, as it determines by resolution. If the legislative body decides to sell the bonds at private sale rather than public sale, the local agency shall send a written statement to the California Debt Advisory Commission, no later than two weeks after the sale of the bonds, explaining the reasons for that decision.

Legislative History

Amended by Stats. 1990, Ch. 1130, Sec. 7.