{"data":{"id":"us-ca/gov-54418","jurisdiction":"us-ca","citation":"GOV § 54418","heading":"","body":"The legislative body may sell the bonds at a price above or below par in a manner, at public or private sale, as it determines by resolution. If the legislative body decides to sell the bonds at private sale rather than public sale, the local agency shall send a written statement to the California Debt Advisory Commission, no later than two weeks after the sale of the bonds, explaining the reasons for that decision.","path":["Government Code - GOV","TITLE 5. LOCAL AGENCIES [50001. - 57607.]","DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","CHAPTER 6. Revenue Bond Law of 1941 [54300. - 54700.]","ARTICLE 4. Provisions Relating to Bonds [54400. - 54435.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"7d044e90f9f98bf836fa79f15484a58ac0c853b6efce97e7181c12b27a11b42b","source_id":"us-ca","stale":false,"prev":"us-ca/gov-54417","next":"us-ca/gov-54419"},"notice":"GroundRules: Original legal text. Not legal advice."}