DIVISION 17. TOLL FACILITIES AND RELATED MATTERS 30000-31490›CHAPTER 5. El Dorado County Toll Tunnel Authority Act 31100-31246›ARTICLE 4. Bonds 31140-31175

§ 31148

California Streets and Highways Code · 2020-11 edition · updated 2026-10-04 · California

All bonds issued and sold pursuant to this chapter shall be sold on sealed proposals to the highest and best bidder after such advertising for bids as the authority deems proper. The authority may reject any and all bids submitted and may thereafter sell the bonds so advertised for sale at private sale under such terms and conditions as it deems most advantageous to its own interest, but the bonds shall not be sold at a price below that of the best bid which was rejected.

(Added by Stats. 1968, Ch. 923.)

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California Streets and Highways Code

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