California Law (Last Updated: March 4, 2014) |
Public Resources Code - PRC |
Division 5. PARKS AND MONUMENTS |
Chapter 2. Counties and Cities |
ARTICLE 5. Park and Boulevard Bonds |
Section 5308.
Latest version.
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The bonds or any number issued shall be sold to the highest bidder, after advertised notice for sealed proposals. No bid of less than par value shall be accepted, nor shall any bonds be sold during any one year in excess of the actual expenditures incurred in that year.
(Added by Stats. 1939, Ch. 94.)