DIVISION 20. MUNICIPAL WATER DISTRICTS 71000-73001›PART 7. BONDS 71852-71996›CHAPTER 6. Issuance and Sale of Bonds 71950-71975›ARTICLE 2. Sale of Bonds and Use of Proceeds 71970-71975
§ 71970
California Water Code · 2026-09 edition · updated 2026-10-03 · 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. 1963, Ch. 156.)
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