California § 5790.7. 5790.7. (Added by Stats. 2001, Ch. 15, Sec. 4.)

California Statutes

§ 5790.7. — 5790.7. (Added by Stats. 2001, Ch. 15, Sec. 4.)

California·Code PRC Public Resources Code - PRC·Div. 5. DIVISION 5. PARKS AND MONUMENTS·Ch. 4. CHAPTER 4. Recreation and Park Districts·Art. 11. ARTICLE 11. General Obligation Bonds

(a)Before selling the bonds, the board of directors shall give notice inviting sealed bids. At a minimum, the board of directors 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 board of directors shall award the sale of the bonds to the highest responsible bidder.

(c)If the board of directors does not receive any bids or if it determines that the bids received are not satisfactory as to price or responsibility of the bidders, the board of directors may reject all bids, if any, and either readvertise or sell the bonds at private sale.

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(a) Before selling the bonds, the board of directors shall give notice inviting sealed bids. At a minimum, the board of directors 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 board of directors shall award the sale of the bonds to the highest responsible bidder.
(c)
If the board of directors does not receive any bids or if it determines that the bids received are not satisfactory as to price or responsibility of the bidders, the board of directors may reject all bids, if any, and either readvertise or sell the bonds at private sale.

California § 5790.7. (5790.7. (Added by Stats. 2001, Ch. 15, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.