Cal. HNC § 7224
This is the official text of Cal. HNC § 7224, part of California’s Harbors and Navigation Code — regulates ports, harbors, and boating.
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Official statutory text
Before selling the bonds, or any part thereof, the board shall give notice inviting sealed bids in such manner as it 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, it may reject all bids received, if any, and either readvertise or sell the bonds at private sale.
Status: in_force · Read it on the official government site
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