Colorado Statutes
§ 32-11-550 — Rejection of bids
Colorado § 32-11-550
This text of Colorado § 32-11-550 (Rejection of bids) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 32-11-550 (2026).
Text
(1)If a bid is accepted, the deposits of all other
bidders shall be thereupon returned. If all bids are rejected, all deposits shall be
returned forthwith.
(2)If the successful bidder fails or neglects to complete the purchase of the
securities within thirty days following the acceptance of his bid, or within ten days
after the bonds are made ready and are tendered by the district for delivery,
whichever is later, the amount of his deposit shall be forfeited to the district (but no
bidder shall forfeit such deposit whenever the securities are not ready and so
tendered for delivery within sixty days from the date of the acceptance of his bid),
and the board may accept the bid of the person making the next best bid.
(3)If all bids are rejected, the board may readvertise the secu
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Legislative History
Source: L. 69: p. 776, � 92. C.R.S. 1963: � 89-21-92.
Nearby Sections
15
§ 32-1-1001
Common powers - definitions§ 32-1-1003
Health service districts - additional powers§ 32-1-1009
Regional tourism projects§ 32-1-101
Short title§ 32-1-102
Legislative declaration§ 32-1-103
Definitions§ 32-1-104.8
Information statement regarding taxes and debt§ 32-1-106
Repetitioning of elections - time limits§ 32-1-107
Service area of special districts§ 32-1-108
Correction of faulty notices§ 32-1-109
Early hearingsCite This Page — Counsel Stack
Bluebook (online)
Colorado § 32-11-550, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/32/32-11-550.