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HomeGovernment CodeDiv. 3Ch. 6Art. 3§ 29971 Public Bid Opening Rules

§ 29971 Public Bid Opening Rules

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 29971 Public Bid Opening Rules

Key Takeaways

  • •All bids for a project must be opened in public at the set time and place.
  • •The board can say no to any or all bids if they want.
  • •A bid will only be accepted if the price is lower than the face value plus any interest.

Example

A school wants to buy new computers and asks companies to send their best offers.

The school must open all the offers in front of everyone at the same time. They can reject any offer they don’t like. They will only pick an offer if the price is lower than the usual price plus any extra interest.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 29971 Public Bid Opening Rules

At the time and place designated all proposals shall be opened in public. Any or all of the proposals may be rejected in the discretion of the board. Proposals shall not be accepted unless the sales price is less than par and accrued interest. (Added by Stats. 1947, Ch. 424.)

Last verified: January 22, 2026

Key Terms

discretion

Related Statutes

  • § 29970 Bond Redemption Proposal Notice
  • § 12540 State Property Escheat Investigations
  • § 12541 State Property Escheat Actions
  • § 12542 Attorney General’S Delegated Counsel
  • § 12543 Counsel Compensation From Escheats

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 29971.
View Official Source