Texas Education Code - Section 52.14. Sale Of Bonds
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§ 52.14. SALE OF BONDS. When the board has authorized the
issuance of a series of bonds and has determined to call for bids on
the bonds, it shall publish an appropriate notice of the sale at
least one time not less than 20 days before the date of the sale.
The publication shall be made in a daily newspaper of general
statewide circulation which is published not less than seven times
weekly. The notice shall also be published for a number of times
determined by the board in one or more recognized financial
publications of general circulation published in the state and one
or more of these publications published outside the state. The
board shall demand of bidders, other than the administrators of the
state funds, that each bid be accompanied by an exchange or bank
cashier's check for a sum considered adequate by the board to be a
forfeit guaranteeing the acceptance of and payment for all bonds
covered by each bid accepted by the board.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, § 1, eff. Sept.
1, 1971.
Section: 52.01 52.02 52.03 52.04 52.11 52.12 52.13 52.14 52.15 52.16 52.17 52.18 52.19 52.20 52.31
Last modified: August 10, 2007
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