Home/California/Statutes/Code PUC: Public Utilities Code - PUC/Div. 10.: DIVISION 10. TRANSIT DISTRICTS/Part 12.: PART 12. SANTA CLARA VALLEY TRANSPORTATION AUTHORITY/Ch. 7.: CHAPTER 7. Bonds and Other Evidences of Indebtedness/Art. 1.: ARTICLE 1. Authorization and Issuance of General Obligation Bonds/§ 100405.
California Statutes

§ 100405. — 100405. (Added by Stats. 1974, Ch. 1204.)

California § 100405.
JurisdictionCalifornia
Code PUCPublic Utilities Code - PUC
Div. 10.DIVISION 10. TRANSIT DISTRICTS
Part 12.PART 12. SANTA CLARA VALLEY TRANSPORTATION AUTHORITY
Ch. 7.CHAPTER 7. Bonds and Other Evidences of Indebtedness
Art. 1.ARTICLE 1. Authorization and Issuance of General Obligation Bonds

This text of California § 100405. (100405. (Added by Stats. 1974, Ch. 1204.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Public Utilities Code - PUC Code § 100405. (2026).

Text

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 such 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.

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Legislative History

Added by Stats. 1974, Ch. 1204.
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California § 100405., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/100405..