DIVISION 8. HARBOR AND PORT DISTRICTS 5800-7340›PART 7. SMALL CRAFT HARBOR DISTRICTS 7000-7340›CHAPTER 6. Financial Provisions 7170-7243›ARTICLE 4. General Obligation Bonds 7210-7227
§ 7224
California Harbors and Navigation Code · 2018-11 edition · updated 2026-10-04 · California
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, it may reject all bids received, if any, and either readvertise or sell the bonds at private sale.
(Added by Stats. 1959, Ch. 1598.)
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