Government Code section 54418

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.

Source: Section 54418, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=54418.­ (updated Jan. 1, 1990; accessed Jun. 23, 2025).

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Verified:
Jun. 23, 2025

§ 54418's source at ca​.gov