The board may, if it determines that to do so would produce a lower interest cost on the bonds, sell bonds at private sale without advertising for bids.
Cal. Water Code § 36447.9
Alternative Provisions for the Issuance of Bonds of Improvement Districts
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Added by Stats. 1984, Ch. 998, Sec. 3
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.