The bonds may be sold as the authority determines by resolution, and the bonds may be sold at a price below par, whether by negotiated or public sale.
Cal. Pub. Util. Code § 180258
Bonds
Known as the Local Transportation Authority and Improvement Act
The act spans §§ 180000–180305 (54 sections).
Added by Stats. 1987, Ch. 786, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.