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2017 California Code
Water Code - WAT
DIVISION 11 - IRRIGATION DISTRICTS
PART 9 - BONDS
CHAPTER 3 - General Bond Provisions
ARTICLE 6 - Bond Issuance
Section 25330.
Universal Citation: CA Water Code § 25330 (2017)
25330.
No proposal shall be accepted which is not accompanied by a certified check for a reasonable percentage of the amount of the bid as determined by the board, but in no event less than two per cent, to apply on the purchase price of the bonds. The amount of the check shall be forfeited if after the acceptance of his proposal the bidder refuses to complete his purchase on the terms stated in his proposal.
(Added by Stats. 1943, Ch. 372.)
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