§ 9445 Bond Purchase Bid Awards

• •The State Treasurer opens bids at the time and place mentioned in the notice.
• •The person who offers the most money (highest bid) gets to buy the bonds.
• •The winner must be responsible (trustworthy and able to pay).

Imagine a school auction where kids bid on a bike.

The teacher (like the State Treasurer) picks the highest bidder who can actually pay for the bike. The same happens here, but with bonds instead of a bike.