Government Code - GOV
TITLE 5. LOCAL AGENCIES [50001 - 57607]
( Title 5 added by Stats. 1949, Ch. 81. ) DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000 - 55821]
( Division 2 added by Stats. 1949, Ch. 81. ) PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000 - 54999.7]
( Part 1 added by Stats. 1949, Ch. 81. ) CHAPTER 6. Revenue Bond Law of 1941 [54300 - 54700]
( Heading of Chapter 6 amended by Stats. 1959, Ch. 597. ) ARTICLE 4. Provisions Relating to Bonds [54400 - 54435]
( Article 4 added by Stats. 1949, Ch. 81. ) 54418.
The legislative body may sell the bonds at a price above or below par in a manner, at public or private sale, as it determines by resolution. If the legislative body decides to sell the bonds at private sale rather than public sale, the local agency shall send a written statement to the California Debt Advisory Commission, no later than two weeks after the sale of the bonds, explaining the reasons for that decision.
(Amended by Stats. 1990, Ch. 1130, Sec. 7.)