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2018 California Code
Streets and Highways Code - SHC
DIVISION 17 - TOLL FACILITIES AND RELATED MATTERS
CHAPTER 5 - El Dorado County Toll Tunnel Authority Act
ARTICLE 4 - Bonds
Section 31148.
Universal Citation: CA St & Hwy Code § 31148 (2018)
31148.
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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