§ 11754 Bond Sale Procedures

Water Code·California

AI SummaryVerified

This law says how the government sells special money certificates (bonds) to get cash for projects. They can sell them in a public auction or directly to buyers.

Key Takeaways

•The government sells bonds to raise money for big projects.
•Bonds can be sold in two ways: public auction or private sale.
•If sold privately, the Treasurer picks who to sell to after talking with the department.

Example

Imagine the government needs money to build a new school.

They can either auction off bonds to the highest bidder or sell them directly to a bank or investor.

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

Official Source

View on CA.gov

§ 11754 Bond Sale Procedures

All bonds authorized for issuance by the department shall be sold by the Treasurer at public sale by bid or at private sale by negotiation, as directed by the department after consultation with the Treasurer. If the bonds are to be sold by a negotiated sale, the Treasurer shall select the underwriter or underwriters after consultation with the department. (Amended by Stats. 1986, Ch. 719, Sec. 4. Effective September 15, 1986.)

Last verified: January 11, 2026

Key Terms

bonds public sale by bid private sale by negotiation Treasurer department negotiated sale underwriter

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11754.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References