Cal. Public Utilities Code § 26261
Cal. Public Utilities Code § 26261
California · California Public Utilities Code · Status: effective
Cite this
- Citation
- Cal. Public Utilities Code § 26261, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/911372
- Permanent ID
ys:prov:911372@1- SHA-256
ebcefcb8d599618b725289fab5145695f416aa20f6bf6c0a0cf11d0cad2eb518
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The bonds may be issued and sold for not less than their par value, but otherwise as the board determines. Before selling any bonds, or any part thereof, the board shall give notice inviting sealed bids in such manner as the board 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, the board may reject all bids received, if any, and either again give notice inviting bids or sell the bonds at private sale.