Cal. WAT § 25330
This is the official text of Cal. WAT § 25330, part of California’s Water Code — governs water rights and water resource management.
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Official statutory text
No proposal shall be accepted which is not accompanied by a certified check for a reasonable percentage of the amount of the bid as determined by the board, but in no event less than two per cent, to apply on the purchase price of the bonds. The amount of the check shall be forfeited if after the acceptance of his proposal the bidder refuses to complete his purchase on the terms stated in his proposal.
Status: in_force · Read it on the official government site
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