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HomePublic Utilities CodeDiv. 5Ch. 1Art. 2§ 10058 Public Utility Bid Process

§ 10058 Public Utility Bid Process

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

§ 10058 Public Utility Bid Process

This law says the city council must open all bids on a set date and can sell the public utility to the highest and best bidder, but they can also reject all bids if they think the offers are too low and start a new sale.

Key Takeaways

  • •Bids are opened on the date set for receiving them.
  • •The council can sell the utility to the highest and best bidder.
  • •If the bids seem too low, the council can reject all of them and re‑advertise the sale under Section 10057.

Example

A town wants to sell its water treatment plant. They set a deadline, collect bids, and open them on that day. If the best offer is $5 million but the council thinks the plant is worth $10 million, they can reject all the bids and announce a new sale.

The council looks at the bids, decides if they are good enough, and either sells to the top bidder or starts over with a new notice as the law allows.

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

Official Source
View on CA.gov

§ 10058 Public Utility Bid Process

At the date fixed for receiving bids the legislative body of the municipal corporation shall open and examine all bids received and may sell the public utility to the highest and best bidder therefor. If the bids received, in the opinion of the legislative body are inadequate or disproportionate to the value of the public utility the legislative body may reject all bids and may proceed to give new notice of the sale of the public utility in the manner provided in Section 10057. (Enacted by Stats. 1951, Ch. 764.)

Last verified: January 11, 2026

Key Terms

legislative bodypublic utilityhighest and best bidderinadequate or disproportionateSection 10057

Related Statutes

  • § 10052 Municipal Utility Sale Approval
  • § 10057 Public Utility Sale Process
  • § 10059 Municipal Utility Sale Authorization
  • § 10061 Water Or Sewer Utility Disposition
  • § 10051 Municipal Utility Sales Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 10058.
View Official Source