GroundRules
Ala. Code § 11-88-96: Determination of Highest Bidder for Bonds.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 3 Provisions Applicable to Counties and Municipal Corporations.
- Chapter 88 Water, Sewer and Fire Protection Authorities.
- Article 2 Construction of Sewage Treatment or Disposal Plants, Etc., in Resort Areas by Authorities.
In determining the highest bidder for bonds offered for public sale the lowest net interest cost to the authority as determined by the board shall govern. The determination of the board as to what constitutes such lowest net interest cost shall be final and conclusive.
Collected 2026-09-03T14:01:52Z. Source file · JSON