Sec. 37.15.040. Sale of bonds.
75 words·~1 min read·
/ak/title-37/chapter-15/37-15-040A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 37.15.040. Sale of bonds.
Before selling an issue or series of bonds, the state bond committee shall give notice inviting sealed bids in a manner that it may prescribe. If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder. If the state bond committee determines that the bids received are not satisfactory as to price or responsibility of the bidders, it may reject all bids received.