California Government Code

§ 53369.48

GOV § 53369.48 Effective Jan 1, 2015Div. 2 · Title 5 · Part 1 · Ch. 2.6 · Art. 4

Statute text

(a)The bonds may be sold at discount not to exceed 5 percent of par at a negotiated or public sale. At least five days prior to a public sale, notice shall be published, pursuant to Section 6061, in a newspaper of general circulation and in a financial newspaper published in the City and County of San Francisco and in the City of Los Angeles. The bonds may be sold at not less than par to the federal government at private sale without any public advertisement.

(b)Any negotiated sale of bonds pursuant to this section shall be limited to bond issuances of an infrastructure and revitalization financing district that do not exceed five million dollars ($5,000,000).

Legislative history

Added by Stats. 2014, Ch. 775, Sec. 1. (AB 229) Effective January 1, 2015.