Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-88-96 - Determination of highest bidder for bonds

Section 11-88-96 - Determination of highest bidder for bonds.

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.

(Acts 1973, No. 826, p. 1293, §56.)

Last modified: May 3, 2021