Cal. SHC § 31148
This is the official text of Cal. SHC § 31148, part of California’s Streets and Highways Code — governs the construction and maintenance of public roads.
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Official statutory text
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.
Status: in_force · Read it on the official government site
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