§ 54418
74 words·~1 min read·
/ca/government-code/54418A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The legislative body may sell the bonds at a price above or below par in a manner, at public or private sale, as it determines by resolution. If the legislative body decides to sell the bonds at private sale rather than public sale, the local agency shall send a written statement to the California Debt Advisory Commission, no later than two weeks after the sale of the bonds, explaining the reasons for that decision.