67A.765 Sale of bonds -- Bids -- Advertisement. - Kentucky Statutes

Download pdf

Loading PDF...

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 bids
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. Effective: June 21, 1974
History: Created 1974 Ky. Acts ch. 394, sec. 12, effective June 21, 1974.