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Form a Business

Sale of the Bonds.

Los Angeles Administrative Code § 11.27.20.2
in effect
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Sec. 11.27.20.2. Sale of the Bonds. The City may sell the Bonds at such times and in such manner as the Council deems to be in the public interest, provided that the Bonds shall not be sold for less than par. The Council shall give notice inviting bids for the Bonds in such manner as the Council shall prescribe by resolution. If satisfactory bids are received, the Bonds offered for sale shall be awarded to the lowest responsible bidder. If no bids are received or if the Council determines that the bids received are not satisfactory as to price or responsibility of the bidders, the Council may reject all bids received, if any, and either re-advertise or sell the Bonds at private sale. SECTION HISTORY Added by Ord. No. 172,282, Eff. 12-14-98.
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-41140Fetched: 10/24/2026

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