KRS 67A.765: Sale of bonds -- Bids -- Advertisement.

After the Third Ordinance has been adopted (and without regard for its date of

publication), the urban -county government may solicit the submission of bids or

proposals for the purchasing of the bonds authorized by the Third Ordinance, the same to

be received upon a sealed competitive basis after advertisement by publication pursuant

to KRS Chapter 424. Such bids or proposals may be solicited on the basis of competition

as to price or interest coupon rates, as may be specified in the published notice, and b ids

offering less than the par or face value of the bonds may be considered and accepted if so

stated in the published notice of the sale. If no bids are received upon terms acceptable to

the governing body and conforming to the published notice, bids may again be solicited

by similar published notice, until a purchase bid is received upon terms acceptable to the

governing body, but the bonds, or a portion thereof, may be awarded to a contractor,

according to the provisions of KRS 67A.710 to 67A.825.